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Conversely, when a person dies, their will takes effect in a legal proceeding called probate, which aims to distribute the …
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The Discretionary Trust: California probate Code Section 15303 authorizes explicitly discretionary trusts. A discretionary trust gives complete discretion to the …
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Step 4: Value the Assets in the Trust: In step 2, you will have inventoried the assets, including any jewelry, …
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The federal estate tax exemption is an amount that’s subtracted from an estate’s gross value before calculating estate taxes on …
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This is called “Probate.” In addition to being time-consuming and costly (you likely will need to hire a probate lawyer), …