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It’s important to draft a durable power of attorney (POA) so an agent or a person you assign will act on your behalf when you are unable to do so yourself.
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You are still the BENEFICIAL owner of your assets ( ie).
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Due to the fact that developing a QPRT then moving ownership of your house into the trust is,for all intents and functions,a transaction that can’t be easily reversed,you will need to understand all of the advantages and disadvantages associated with using a QPRT before deciding if you must consist of one as part of your estate tax plan Southcrest.
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