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Also, since the assets have been transferred to the trust, you are relieved of the tax liability on the income …
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An executor’s responsibilities include:Petitioning the court to open probate.Inventorying the estate assets.Notifying any creditors and settling debts.Paying taxes.Distributing assets to …
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If the client doesn’t want anyone to learn about their estate plan before they die, giving a copy of your …
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Protect your business. Conclusion: Asset protection can be a complex process that depends heavily on the rules and regulations of …
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Ourt to invalidate it if there are any errors. Should this happen, the court will distribute your assets according to …
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Each state has its guidelines for determining what is “reasonable.”. Trust Administration Steps for Trust Settlement:Step 1: Take care of …
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How much does a trust cost?. Pension plans, life insurance proceeds, 401k plans, medical savings accounts, and individual retirement accounts …
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Life insurance and annuities can play an essential role in estate planning. However, omitted spouses must stand up for their …
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Types of Irrevocable Trusts: Irrevocable trusts come in various forms:Living TrustAlso called an inter vivos trust, this is any trust …
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To find out who inherits these property types, you’ll need to locate the records in which the beneficiary designation was …