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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 living trust home.
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A living trust is another way to manage what happens with your assets and is worth discussing with your estate planning team.
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The trust is produced with the particular needs,way of life,and future of the beneficiary in mind The Law Firm of Steven F.Bliss Esq.43920 Margarita Rd ste f,Temecula,CA 92592 Probate Lawyer In California,there is no particular statute for a Living Will,yet the legislation does allow naming a health care proxy the individual who will talk on your behalf- and there is nothing to prohibit developing a living will.
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For those with significant assets,a revocable living trust may be essential to reduce your taxable estate and allow your assets to pass directly to your named beneficiaries without the need for probate And this time it’s not to determine who gets a piece of real estate or artwork,it’s who will raise your children steveblisslaw com Trust Lawyer.
Nobody thinks of dying young,but if you’re the parent of small children,you need to prepare for the unthinkable steveblisslaw com (951) 223-7000 Temecula Probate Lawyer Rather,the property ends up being taxable after the second partner’s death,with liability transferring to the called beneficiaries of the properties within the trust.
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Who will be the beneficiary or beneficiaries? Who will you appoint as the trustee? Which assets will you transfer into the trust?.
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