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A Personal Residence Trusts,or QPRT for short,is a special type of irreversible trust that is designed to eliminate the value of your main residence or a second house from your taxable estate at a minimized rate for federal gift tax and estate tax purposes steveblisslaw estate planning attorney Bequest,the all out estate planning expense for administrations would be $13,000.
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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 trust allows an individual or household to designate somebody else,usually a trusted daughter or son,to transfer property after they pass away without the need for a court order A comprehensive estate plan should consider what happens in the event of both death and disability steveblisslaw com Does Steve Bliss Law work in Tierrasanta? Yes,The Law Firm of Steven F.Bliss in an Estate Planning attorney in Tierrasanta.
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A basic estate plan in California will typically include the following documents for you and your spouse:.