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A trust account may also be useful when a minor inherits property from a will or receives a life insurance payout steveblisslaw com estate planning attorney 3914 Murphy Canyon Rd Suite A202,San Diego,CA 92123.
A letter of intent is simply a document left to your executor or a beneficiary steveblisslaw com estate planning lawyer san diego A minimum of one trustee should be designated to handle the trust,though several individuals or companies may be called all at once.
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A CLUT is an irrevocable trust that may be developed by the donor either intervivos,or upon death,and which defines that a yearly “unitrust quantity” must be paid at least every year to charity till the termination of the Specified term,at that point the trust assets pass to or in trust for the noncharitable recipients.
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Is it better to have a will or a trust? Deciding between a will or a trust is a personal choice,and some experts recommend having both.A will is typically less expensive and easier to set up than a trust,an expensive and often complex legal document.More details call estate planning attorney Steve Bliss now Steve Bliss Law ( +18582782800 ).
A living trust is a separate legal entity and has full legal authority on its own and thus can avoid the estate planning system entirely,can manage all of your estate distribution and management desires,can accomplish substantial savings on estate taxes,and can remain totally private so that no one knows your business except those persons that you want to have knowledge of your personal and financial affairs The Law Firm of Steven F.Bliss Esq.san diego estate planning attorney 3914 Murphy Canyon Rd Suite A202,San Diego,CA 92123.
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