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A long as your premium payment follows the “gifting” guidelines,as explained below,there will be no gift taxes incurred by either you or your beneficiaries.
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A judgment becomes a lien on real estate in any county when a licensed copy of it is recorded in the official records or judgment lien record of that county and runs as a lien for a preliminary duration of ten years from the date of the recording; and the judgment lender might extend the ten years period by complying with Fla steveblisslaw com (858) 278-2800.
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A living trust does not go through the estate planning process upon a person’s death,which can mean a faster distribution of assets to beneficiaries with no additional costs steve bliss law estate planning attorney 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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