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I need excellent estate planning attorney nearby rego park, corona ca. I need excellent Estate Planning Lawyers nearby North Corona, Ca. Can executor Use deceased bank account? The executor can deposit the deceased person’s money, such as tax refunds or insurance proceeds, into this account. They can then use this money to pay the deceased person’s debts and bills, and to distribute money to the beneficiaries of the estate. deceased’s assets and property. I am looking for awesome estate planning attorneys around corona heights, corona ca. Who controls the assets in an irrevocable trust? Under an irrevocable marital trust, assets are transferred from one spouse to another upon the first spouse’s death. An approved trustee manages the assets, essentially keeping the assets outside the estate. The grantor decides what the surviving spouse can receive in income from the trust and the withdrawal limits. In other words, if the only asset in the estate is a piece of real property appraised at $750,000, that property has a loan or mortgage on it with a balance owed of $450,000. The Executor selected in the Will is the most likely person to hold the document. What is estate planning and why is it important? Estate planning is all about protecting your loved ones, which means in part giving them protection from the Internal Revenue Service (IRS). Essential to estate planning is transferring assets to heirs with an eye toward creating the smallest possible tax burden for them. I need brilliant lawyer estate planning planning nearby corona heights, corona ca.
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