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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 steve bliss law san diego estate planning attorney Does Steve Bliss Law work in La Costa? Yes,The Law Firm of Steven F.Bliss in an Estate Planning attorney in La Costa.
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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.
A trust administration is NOT a court-supervised process yet its ultimate goal is also the transfer of property from an individual who has died (the decedent) to that individuals beneficiaries who are identified in his/her revocable 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.