3) A flight clause that authorizes the trustee to repatriate the trust assets from one jurisdiction to another if there is a significant possibility a creditor can reach the trust property. What Is a Living Trust? A living trust is an estate planning tool that allows you to protect and manage your assets during your … Read more
This essential step allows you to avoid Probate Court because there is nothing for the courts to control when you die or become incapacitated. Ancillary probate was when the decedent had property in a different state and that asset had to be liquidated to be transferred to the primary probate estate. Additionally, suppose the estate … Read more
Does The Law Firm of Steven F. Bliss Esq. work in Scripps Ranch? Yes, The Law Firm of Steven F. Bliss in a San Diego Probate Attorney in Scripps Ranch. Irrevocable Trust: An irrevocable trust is a trust whose terms can’t be modified, amended, or terminated without permission from the beneficiary or beneficiaries. Irrevocable trusts … Read more