Estate Administration in Monterey Park, California

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Estate administration, in basic terms, is the procedure of maintenance and distribution of a person's assets after they die.

If the decedent had the foresight to draft and execute a will in Monterey Park, California, the estate is normally administered in a way that follows the instructions the will lays out, as closely as possible.

Wills normally name an executor. The executor's role revolves around guaranteeing that the instructions in the will are implemented.

The executor is typically the person who stands to inherit the most money or property from the will, since this individualn will have the greatest incentive to see the probate and administration process to completion.

What if The Will Does Not Name an Executor?

If a Monterey Park, California will does not assign anyone to serve as executor, or there is no will, the court has to choose someone to fill that role.

This is most frequently the person who would inherit most under the will, or under the intestacy scheme of California. Intestacy is when a person dies without having made a will, or if a will turns out to be invalid. The intestacy laws of each state control how property is distributed in such a situation. In most states, it simply goes to the closest living relative.

If the will doesn't name a person who is to serve as executor, or the individual named is no longer alive or cannot be found, anyone with a direct interest in the will can apply to the Monterey Park, California court to be the executor.

Whoever is assigned to serve as executor, it is their job to act as the representative of the estate. Among other jobs, they have to account for the decedent's debts and assets, and inform any beneficiaries who might be unaware of the situation.

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Can a Monterey Park, California Estate Administration Attorney Help?

If you have unexpectedly been appointed to be the executor of a relative's estate, and don't know how to handle this process, you should speak with a reliable Monterey Park, California wills and trusts attorney.

14 Wills, Trusts and Estates cases posted to LegalMatch lawyers in Monterey Park

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Life in Monterey Park

Monterey Park, California is a city in Los Angeles County, California. It is about 10 miles to the east of Downtown Los Angeles, putting it well within the Los Angeles metropolitan area. It currently has a population of over 60,000 people.

Monterey Park, California was founded in the mid-1800s. It began to grow heavily in the 1970s, when large numbers of affluent Asian-American families began to move to the area. The city is sometimes nicknamed "Little Taipei," because of the large number of individuals of Taiwanese descent living in the city. In this time period, many businesses from Chinatown in Los Angeles began to open locations in Monterey Park, which provided a major boost to the local economy.

The economy of Monterey Park, California is based heavily on education and retail. The largest employer in the city is East Los Angeles College, part of California's community college system. This college employs nearly 2,000 people, and educates thousands of students every year, preparing many of them to go on to four-year universities. Some of these students go on to become successful Monterey Park, California attorneys.

If you are in need of legal advice in Monterey Park, California, there are plenty of lawyers in Monterey Park who can help you with whatever legal problem you might face.




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