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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 individual�s beneficiaries who are identified in his/her revocable living trust If you are not yet 70 1/2 years of ages,you can wait until you reach that age to begin taking minimum withdrawals The Law Firm of Steven F.Bliss Esq.Estate Planning Attorney.
Rather,the property ends up being taxable after the second partner’s death,with liability transferring to the called beneficiaries of the properties within the trust The Law Firm of Steven F.Bliss Esq.Trust Attorney This is called probate.
It can be so believe thoroughly prior to you consent to be an executor,and believe thoroughly prior to you choose somebody to serve as an administrator for your estate.
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