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A trust allows an individual or household to designate somebody else,usually a trusted daughter or son,to transfer property after they pass away without the need for a court order and the long and pricey procedure that is involved in acquiring a court order The responsibility of the Probate court is to protect these individuals and their assets Escondido Probate Law Escondidoprobatelaw is the lawfirm for probate.
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Should you put your house in a trust? A trust will spare your loved ones from the probate process when you pass away.Putting your house in a trust will save your children or spouse from the hefty fee of probate costs,which can be up to 3% of your asset’s value,call Steve Bliss today estate planning information.
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In most states,these include streamlined “summary probate” and an entirely out-of-court process that requires presenting a simple sworn statement (affidavit) to the person or institution holding the asset wills and trust attorney near me.
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When you die,your assets are distributed and your debts paid according to your will if you have one or else according to state laws of intestate succession.
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