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A long as your premium payment follows the “gifting” guidelines,as explained below,there will be no gift taxes incurred by either you or your beneficiaries InFirm others of the death,consisting of family members,service partners,employers,and specialists like lawyers and accountants escondidoprobatelaw com A basic estate plan in California will typically include the following documents for you and your spouse:.
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A Note About Revocable Trusts A living will,also known as an advance directive,sets forth your wishes regarding what types of life-prolonging medical treatment you do,or do not,want in the event you become terminally ill or injured and are unable to communicate your wishes Escondido probate law A health care power of attorney designates someone you trust to make decisions regarding your health care in the event you are mentally or physically unable to make decisions for yourself.
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A letter of intent is simply a document left to your executor or a beneficiary Escondido probate law probate attorney A pooled trust is a type of special requirements trust that is handled by nonprofit companies.
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