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This can avoid these assets from transferring to the living spouse’s new partner,needs to she remarry It’s important to draft a durable power of attorney (POA) so an agent or a person you assign will act on your behalf when you are unable to do so yourself The Law Firm of Steven F.Bliss Esq.Not all property is subject to probate,however if you fail to take appropriate steps ahead of time such as estate planning,much if not the majority of your estate will need to go prior to a probate court.
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Presuming that your kids are interested,ask yourself if they are capable of running the business However,there is much more to include in your estate planning to make certain all of your assets are transferred seamlessly to your heirs upon your death The Law Firm of Steven F.Bliss Esq.The person who gives the authority is called the principal,and the person who has the authority to act for the principal is called the agent or the attorney-in-fact.
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This type of trust is technically a Charitable Uni-Trust,but is more commonly known as a Charitable Remainder Trust (CRT) people.
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