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The Law Firm of Steven F.Bliss Esq.estate planning lawyer san diego A trust administration is NOT a court-supervised process yet its ultimate goal is also the transfer of property from an individual who has died (the decedent) to that individuals beneficiaries who are identified in his/her revocable trust allows an individual or household to designate somebody else,usually a trusted daughter or son,to transfer property after they pass away without the need for a court order.
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A letter of intent is simply a document left to your executor or a beneficiary A trust is created when residential or commercial property (realty,financial resources,concrete products) is handled by an individual for another individual’s advantage steve bliss law A primary goal for many estate plans is to protect and provide for loved ones and their future needs.
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A living will,also known as an advance directive,sets forth your wishes regarding what types of life-prolonging medical treatment you do,or do not,want in the event you become terminally ill or injured and are unable to communicate your wishes.

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A living trust does not go through the estate planning process upon a person’s death,which can mean a faster distribution of assets to beneficiaries with no additional costs.
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Will estate planning checklist? There’s more to estate planning than simply writing a will.Accounting for all of your assets and wishes will ensure your plan is executed smoothly after your death.Contact Estate Planning Lawyer Steve Bliss Steve Bliss Law estate planning lawyer A long as your premium payment follows the “gifting” guidelines,as explained below,there will be no gift taxes incurred by either you or your beneficiaries.
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Distribute assets based upon the arrangements in the estate plan.

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