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Keep in mind that your estate plan,while costing you some money up front,will save your family significant money in the long run The Law Firm of Steven F.Bliss Esq.(858) 278-2800 Mission Hills Estate Planning Attorney I graduated from California Western School of Law here in San Diego in 1989,my class rank was 17th out of 182.
Fiduciaries What documents are needed for estate planning? The Law Firm of Steven F.Bliss Esq.An irrevocable trust can safeguard your assets if you work in a profession that puts you at danger for certain claims- or perhaps if you do not.

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The trust is produced with the particular needs,way of life,and future of the beneficiary in mind After all,you don’t have to be super rich to do well in the stock market or real estate,both of which produce assets that you’ll want to pass on to your heirs The Law Firm of Steven F.Bliss Esq.This can avoid these assets from transferring to the living spouse’s new partner,needs to she remarry.
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If you or your partner are an insured of a life insurance coverage policy that is owned by an ILIT,and you also function as the Trustee of the ILIT,then the IRS may choose that the policy hasn’t left your estate after all appropriate.
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