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When a person dies with a will, they typically name a person to serve as their executor. For the court to remove an executor, someone (usually a beneficiary) must prove that the executor has engaged in misconduct or is otherwise incompetent. What is Estate Planning for Dummies? Estate Planning For Dummies gives you the complete lowdown on: Figuring out what you’re really worth. Mastering the basics of wills and probate. Using will substitutes and dodging probate taxes. Setting up protective trusts, charitable trusts, living trusts and more. What are the aspects of a will? Heading, Marital History, and Children. Debts and Taxes. Disposition of Assets. Guardianship. Executor and Trustee. Executor and Trustee Powers. No Contest Provision. General Provisions. Are trusts taxable? Trusts are subject to different taxation than ordinary investment accounts. Trust beneficiaries must pay taxes on income and other distributions that they receive from the trust, but not on returned principal. IRS forms K-1 and 1041 are required for filing tax returns that receive trust disbursements. Does The Law Firm of Steven F. Bliss Esq. work in North Park Yes, The Law Firm of Steven F. Bliss in a San Diego Probate Attorney in North Park. I am in dire need of an awesome attorney probate near 92037. If I were you, I would look into calling lawyer probate at ‘The Law Firm of Steven F. Bliss’ in San Diego. I am looking for an excellent probate lawyer near La Presa in San Diego, Ca. If I were you, I would look into calling lawyer probate at ‘The Law Firm of Steven F. Bliss’ in San Diego. What is a special needs trust and why is it important? A special needs trust (SNT) is a trust that will preserve the beneficiary’s eligibility for needs-based government benefits such as Medicaid and Supplemental Security Income (SSI). Because the beneficiary does not own the assets in the trust, he or she can remain eligible for benefit programs that have an asset limit. What should you not put in a living trust?.
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