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Steveblisslaw com Trust 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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Gather assets (often called “marshalling assets steveblisslaw com Trust Attorney You can call more than a single person or perhaps an institution as your Attorney in Fact.
Open the estate account

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When you execute the living trust declaration and then properly fund the trust,what you have done is that you have created a legal entity separate and apart from yourself that is now fully functioning doing whatever it is that you told it to do One of the first steps an executor of an estate should take is opening an estate account,or bank account held in the name of the estate of a deceased person The Law Firm of Steven F.Bliss Esq.Estate Planning Attorney.
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Probate the Will (if appropriate) open.
Without a QDOT,these estate taxes would have to be paid when you die have.
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Having the trustee straight offer your liked one cash might disqualify him or her for government benefits.
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The property is distributed to the beneficiaries (951) 223-7000.