Fabrics estate liquidating trust

One possibility is , where the surviving spouse inherits all of the property outside the will, avoiding probate upon your death, but not upon the death of the surviving spouse.Another choice is what has been termed the “I love you” will.

Once you decide the vehicles you will use to distribute your assets, the next step is to determine your beneficiaries and how you would like to leave your property.Without a will, the law of intestacy will dictate how your estate is distributed. The rules of intestacy do not take into account relationships based on friendship and will distribute your assets only to relatives, with everything passing to the state if no relatives can be found.If you decide to leave all of your assets to your spouse, you can accomplish this in a number of ways, depending on the laws of your state.Only a will can provide for special needs and circumstances, allowing you, and not a judge, to control the distribution of your property.

For more information, read the article, Fairness in Division of Family Assets.

First, you may use your will, specifying what gifts or what share of your estate goes to them.

Fabrics estate liquidating trust comments

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