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Avoiding probate is by far the most common reason why people seek out the advice of an estate planning attorney The main reasons for setting up an irrevocable trust are for estate and tax considerations Folsom Probate Law In the case of a small estate,or if the decedent left his assets in trusts or gifted them prior to his death,probate may not be necessary.
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You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims Folsom Probate Law can handle all meetings or interactions with beneficiaries to fix issues and explain the workings of the trust which can be time consuming,challenging,if not downright exhausting Folsom Probate Law Most living trusts are �revocable� because you can change them as your circumstances or wishes change.
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