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If a person does not own any real estate,like a home,vacant lot,cabin,or timeshare,then that person does not necessarily need a living trust steveblisslaw com 3914 Murphy Canyon Rd a202,San Diego,CA 92123 Trust Lawyer In such cases it is wise to consider having actually a written caretaker agreement in place.
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It has no legal authority of its own and is not a separate legal entity,it is merely a statement of your intent and therefore it must be administered through the Probate Court in order for it to gain full legal status for estate administration purposes Some of the reasons include: The Law Firm of Steven F.Bliss Esq.San Diego Probate Lawyer.
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Roth IRAs: revenues are not taxed,nor do you need to start taking circulations at any point,but contributions to a Roth Individual Retirement Account are not tax deductible Due to the fact that the trustee has overall control over the management of the funds,and the beneficiary does not,federal government program administrators,like the ones from SSI and Medicaid,overlook the trust assets when considering eligibility steveblisslaw com What other estate planning problems should we know?.
I passed the CPA examination in Massachusetts in 1985 but am not licensed as a CPA in California.
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Additionally,usage of a caregiver contract provides defense for the member of the family against claims from other family members if a conflict later on develops about why the caregiver was receiving money from the senior.
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