Can an executor be a beneficiary in a will? Yes, an executor can be a beneficiary in a will. Although it is usually appropriate to appoint beneficiaries as executors in these cases, difficulties can arise where only some of the beneficiaries are appointed as executors. In those cases, tensions can arise during the administration of the estate. Awesome Lawyer Probate by 92046. Can you buy property from a trust? When you buy a home, you may have the option of buying it in a trust. Legally, that means the trust, rather than you, owns the home. However, you can be the trustee of the property and have significant control over it and what happens to it after you die. How can I leave money to my son but not his wife? SET UP A TRUST One of the easiest ways to shield your assets is to pass them to your child through a trust. The trust can be created today if you want to give money to your child now, or it can be created in your will and go into effect after you are gone. If we own a cash-value life insurance policy in our names, can financial institutions take it. Does the lawyer Keep the original will? Most Living Trust Attorneys take on the responsibility of holding their clients’ original wills and other documents. They do this for two reasons. First, they are often better equipped to keep the originals safe where they can be found when needed. Brilliant Lawyer Probate nearby 92030. A long as your premium payment follows the “gifting” guidelines, as explained below, there will be no gift taxes incurred by either you or your beneficiaries. What happens to your bank account when you file Chapter 7? In most Chapter 7 bankruptcy cases, nothing happens to the filer’s bank account. As long as the money in your account is protected by an exemption, your bankruptcy filing won’t affect it. BOOK YOUR FREE APPOINTMENT NOW.
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Probate Lawyer
Escondido Probate Law720 N. Broadway, #107 Escondido, CA 92025
(951) 582-3800
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