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A properly drafted estate planning package avoids the long and costly legal process referred to as probate A pooled trust is a type of special requirements trust that is handled by nonprofit companies escondidoprobatelaw com A letter of intent is simply a document left to your executor or a beneficiary.
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A qualified domestic trust (QDOT or QDT) can prevent this from taking place.
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A trust allows an individual or household to designate somebody else,usually a trusted daughter or son,to transfer property after they pass away without the need for a court order and the long and pricey procedure that is involved in acquiring a court order.