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The responsibility of the Probate court is to protect these individuals and their assets San Diego Probate Attorney San Diego probate lawyer A primary goal for many estate plans is to protect and provide for loved ones and their future needs.
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Heirs refers to people who have the right to inherit when someone dies without leaving a will (called “dying intestate”) San Diego Probate Lawyer San Diego probate attorney Your spouse will receive all the community property and either half or a third of the separate property depending upon how many children you have.
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When you die,your assets are distributed and your debts paid according to your will if you have one or else according to state laws of intestate succession.
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San Diego Probate Law If there is no will,it depends whether the case needs to go to probate court or not.
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San Diego probate law A Grantor Retained Annuity Trust,or GRAT for brief,is an unique type of irrevocable trust that permits the Trustmaker/Grantor to gamble versus the odds and,if the Trustmaker/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.
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A will is not valid If you break your duty,you may end up being personally responsible for any loss to the value of the estate The Law Firm of Steven F.Bliss Esq.Ordinary,or “nondurable,” powers of Attorney automatically end if the individual who makes them loses mental capacity.
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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 living trust Steve Bliss Law San Diego probate lawyer Sometimes,it is not clear who should be estate representative,like,if the will does not name an executor and more than one person has the same priority,or there is a disagreement between heirs as to who should serve,or the person with the higher propriety has a conflict of interest,and many more.
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