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Your Trustee might also manage such administrative responsibilities as the yearly notification to your beneficiaries (called a “Crummey Letter”),and the filing of the ILIT’s income tax return,if necessary steveblisslaw com Estate Planning Lawyer 2) the carrying out of your wishes with regard to the care taking of your person or remains upon your incapacity or death.
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The Law Firm of Steven F.Bliss Esq.Temecula Probate Lawyer A power of Attorney is a legal file that provides somebody you pick the power to act in your place.
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With a valid power of attorney,the trusted individual you call will be lawfully permitted to look after concerns for you- for instance,paying your costs,handling your investments,or directing your healthcare- if you are not able to do so yourself.
A trust account may also be useful when a minor inherits property from a will or receives a life insurance payout.


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It says whom do you want to be your Executor,who is to receive your assets upon your death,whom do you want to be guardians of your children and what desires do you have regarding burial/cremation etc 43920 Margarita Rd ste f,Temecula,CA 92592.
So when you die,since you don’t own anything,there is nothing to take to the Probate Court tax.
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