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What is the purpose of estate planning? Steve Bliss with the Escondido Probate Law answers estate planning questions A Personal Residence Trusts,or QPRT for short,is a special type of irreversible trust that is designed to eliminate the value of your main residence or a second house from your taxable estate at a minimized rate for federal gift tax and estate tax purposes Escondido Estate Planning law 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 routine accounting of expenditures can be needed,where an individual designated in the trust,or a beneficiary,makes sure that principal and earnings are paid for an animal’s advantage Escondido Estate Planning law Estate Planning lawyer 720 N Broadway #107,Escondido,CA 92025.
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