That person is called a Successor Trustee and they thus have the same legal powers that you did so that they can sign any documents necessary to carry out the management and disposition of your assets that you specified in the original trust declaration think.
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The title document must clearly indicate that ownership is held as joint tenants with rights of survivorship,as tenants by the entireties,or as community property
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One alternative is for the dissatisfied co-trustee to merely to resign as co-trustee or,taking a more aggressive policy,petition the court to remove the other co-trustee The Law Firm of Steven F.Bliss Esq.Estate Planning Lawyer Cost of a Trust.
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Depending upon how it is worded,a power of attorney (or POA) can either become effective immediately,or upon the occurrence of a future event (such as your mental incapacity).
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A basic living trust may cost under $1,500,while a trust with numerous assets or a complex,multigenerational trust may cost far more Similarly,your health care experts don’t have to be strained with the details of your finances steveblisslaw com By setting up an unique requirements trust,instead of entirely utilizing a will,you can prevent these problems.
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