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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 CLAT is an irreversible trust that might be developed by a donor either intervivos,or upon death,and which specifies that an annual fixed dollar quantity should be paid at least each year to charity until the termination of the defined term,at that point the trust properties pass to,or in trust,for the noncharitable receivers escondidoprobatelaw com probate attorney escondido Instructions regarding your desires for burial,cremation,funeral ceremonies,organ donation,etc.
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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 Escondido Probate Law escondido probate attorney A revocable trust instantly ends up being irreversible at your death due to the fact that you’re not available to make modifications to it or revoke it.


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A living trust does not go through the probate process upon a person’s death,which can mean a faster distribution of assets to beneficiaries with no additional costs escondidoprobatelaw com escondido probate attorney A financial power of attorney authorizes someone you trust to act on your behalf in financial matters.
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