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The management and distribution of your assets in the event of your death or incapacity,and 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 coronaprobatelaw com A key component of estate planning involves protecting your assets for heirs and your charitable legacy by minimizing expenses,and covering estate taxes while still meeting your goals.
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A valuation is conducted of the decedent’s entire estate Beneficiary Assets With Predeceased Beneficiaries or No Beneficiary Designations coronaprobatelaw com A health care power of attorney designates someone you trust to make decisions regarding your health care in the event you are mentally or physically unable to make decisions for yourself.
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A basic living trust may cost under $1,500,while a trust with numerous assets or a complex,multigenerational trust may cost far more.
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A CLUT is an irrevocable trust that may be developed by the donor either intervivos,or upon death,and which defines that a yearly “unitrust quantity” must be paid at least every year to charity till the termination of the specified term,at that point the trust assets pass to or in trust for the noncharitable recipients.

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Tenants-In-Common Property Tenant-in-common assets include property titled in the decedent’s name as a tenant-in-common with one or more other individuals coronaprobatelaw com probate 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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