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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 The Law Firm of Steven F.Bliss Esq.Probate Attorney A durable power of Attorney merely suggests that the document stays in result if you become incapacitated and unable to handle matters by yourself.
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Without particular restricting language,the expense for legal and accounting costs are typically relegated to “reasonable compensation” and is paid for by the trust Birdland.
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