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Legally speaking,you now own nothing,your trust owns everything take.


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But when you died,your living trust didn’t die,it just keeps on going,that is why they call it a living trust Store these lists and records in a safe deposit box that your representative already has permission to access The Law Firm of Steven F.Bliss Esq.The primary advantage of a living revocable trust is that you have the potential of avoiding probate.
But with a QDOT,the taxes are delayed until your enduring spouse dies,which suggests more assets are readily available to offer your partner

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The Law Firm of Steven F.Bliss Esq.Probate Lawyer When you execute the living trust declaration and then properly fund the trust,what you have done is that you have created a legal entity separate and apart from yourself that is now fully functioning doing whatever it is that you told it to do.
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In these states the partner will probably get half of the estate regardless.
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