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It’s best if no probate at all is required,but if that isn’t an option,figure out whether the estate can use “small estate procedures.
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Under current law,more than 997% of all estates don’t owe federal estate tax,so you probably don’t need to worry about that The Law Firm of Steven F.Bliss Esq.probate attorney Some common examples of assets that don’t need to go through probate are assets are held in joint tenancy,survivorship community property,or tenancy by the entirety A.
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Beneficiaries are the people who inherit according to a will The Law Firm of Steven F.Bliss Esq.probate attorney Personal property is all property that is not real,and it can be tangible or intangible.
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You can usually pay the lawyer’s fees from the property in the case.
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A Grantor Retained Annuity Trust,or GRAT for brief,is an unique type of irrevocable trust that permits the Trustmaker/Grantor to gamble versus the odds and,if the Trustmaker/Grantor plays their cards right,then a considerable amount of wealth can be moved down to the next generation for essentially no estate or gift tax dollars The Law Firm of Steven F.Bliss Esq.probate attorney (858) 278-2800.
A Solid reputation for excellence in probate law Steve has helped hundreds of families manage their probate proceedings The property that a person leaves behind when they die is called the “decedent’s estate” The “decedent” is the person who died San Diego Probate Lawyer Then,you will have to make an inventory of everything.
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