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You may,of course,give someone more than $14,000 a year.
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Aside from supplying the living partner with a source of funds,a QTIP can also help restrict suitable death and present taxes

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Once the probate process has been started and an executor appointed,the executor should apply to the Internal Revenue Service (IRS) for an employer identification number (EIN) for the estate steveblisslaw com San Diego Probate Lawyer When you consider that policies often provide death benefits in the numerous thousands of dollars,it’s simple to see how a life insurance coverage policy may have a significant impact on our estate tax liability.
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Exactly what takes place when co-trustees disagree?.

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Lastly,the Executor is discharged from his/her duties.
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Not convinced that estate planning is necessary? Consider these four reasons why you should have an estate plan,in order to avoid potentially devastating consequences for your heirs

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