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The 2-Minute Rule for will and trust planning

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Since the trust is irrevocable, the grantor ought to hand over ownership in the coverage. As soon as the insured (grantor) dies, the trustee collects the proceeds and distributes them into the beneficiaries as instructed. For instance, a revocable spendthrift trust may be setup so that your heirs will be https://legalandgeneraltrusts58455.blogaritma.com/35531349/the-single-best-strategy-to-use-for-what-is-a-trust-legal

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