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Do you need both a will and a living trust? Steve Bliss with the Law Firm of Steven F Bliss Esq.answers estate planning questions A Grantor Retained Annuity Trust,or GRAT for brief,is an unique type of irrevocable trust that permits the trust maker/Grantor to gamble versus the odds and,if the trust maker/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 Steve Bliss Law The 2nd file,called a living will,enables you to choose how you want to be dealt with if resuscitation or life assistance is needed.
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A trust,however,has actually named beneficiaries What you should never put in your will? Assets with named beneficiaries,contact Steve Bliss Now the most trusted estate planning in San Diego County Steve Bliss Law Does Steve Bliss Law work in Poway? Yes,The Law Firm of Steven F.Bliss in an Estate Planning attorney in Poway.
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Do I need a will or an estate plan? Steve Bliss with the Law Firm of Steven F Bliss Esq.answers estate planning questions 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 steveblisslaw com A Living Will is an official record that signals your healthcare providers to your wishes and preferences regarding clinical treatments and life-support steps.
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3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123
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A living trust is a separate legal entity and has full legal authority on its own and thus can avoid the estate planning system entirely,can manage all of your estate distribution and management desires,can accomplish substantial savings on estate taxes,and can remain totally private so that no one knows your business except those persons that you want to have knowledge of your personal and financial affairs.
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Steveblisslaw san diego estate planning attorney Ordinary,or “nondurable,” powers of Attorney automatically end if the individual who makes them loses mental capacity.
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Does Steve Bliss Law work in Bonita? Yes,The Law Firm of Steven F.Bliss in an Estate Planning attorney in Bonita Is it better to have a will or a trust? Deciding between a will or a trust is a personal choice,and some experts recommend having both.A will is typically less expensive and easier to set up than a trust,an expensive and often complex legal document.More details call estate planning attorney Steve Bliss now steveblisslaw com A pooled trust is a type of special requirements trust that is handled by nonprofit companies.
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Beneficiary Assets With Predeceased Beneficiaries or No Beneficiary Designations.
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