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Ideal Questions to ask when considering legal action against an executor What are the three levels of trust? Level 1: Governance and Rules-Based Trust. Level 2: Experience and Confidence-Based Trust. Level 3: Established and vulnerability-based trust. The Law Firm Of Steven F. Bliss Esq. 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123. When we pass on, our estate does not come with us! Who would you like to receive your assets? A well-constructed estate plan avoids litigation for your family and loved ones when you are not there to speak on your own behalf It’s often a good idea to have a will because it has clearly defined terms Who is responsible for handling probate?. What is the downside of a living trust? Another downside of living trusts is that transferring assets can be both time-consuming and complicated. If you hold a variety of assets, you’ll need to contact your different banks and agents to have everything you own moved over — a process that could involve a fair amount of paperwork. These trusts are often called AB trusts…the marital trust is the “A” trust and the family trust is the “B” trust Upon creating a revocable living trust, you will need to name a representative called a “successor trusteewho will manage the trust if you should become mentally incapacitated or when you die What are the three C’s of credit? Character, Capacity and Capital. Achievable San Diego Probate is The Law Firm Of Steven F. Bliss Esq. ( +1 (858) 278-2800 ) What is Estate Planning for Dummies? Estate Planning For Dummies gives you the complete lowdown on: Figuring out what you’re really worth. Mastering the basics of wills and probate. Using will substitutes and dodging probate taxes. Setting up protective trusts, charitable trusts, living trusts and more. Attorney Near Me is The Law Firm Of Steven F. Bliss Esq.
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