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One method to make certain the elective share is not taken is to participate in a prenuptial agreement prior to the marriage or a postnuptial contract after the marital relationship Bankers Hill.
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For example,if you’ve already named your sister as a beneficiary on a retirement account or insurance policy (assets that typically pass outside of a will to a named beneficiary),you don’t want to bequeath the same asset to a second cousin in the will because it could lead to a will contest Assets must be re-titled to the trust and any assets within the trust will not be considered a part of the probate estate The Law Firm of Steven F.Bliss Esq.Trust Attorney.
Wills Powers of attorney Medical powers of attorney Medical directives The Law Firm of Steven F.Bliss Esq.Trust Lawyer Wills ensure property is distributed according to an individual’s wishes (if drafted according to state laws).
The outcome is that,if your spouse is not a U steveblisslaw com Estate Planning Lawyer Essential to estate planning is transferring assets to heirs with an eye toward creating the smallest tax burden for them as possible.
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