Time. Probate court docket may take numerous months. Trusts can keep away from probate and have property on your heirs more quickly.
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An estate system can provide you with reassurance that the assets will be distributed Based on your wishes after you die.
Grantor retained annuity trust (GRAT): Enables the grantor to put specific property into A brief trust account and freeze its worth, eliminating further appreciation through the estate and offering it to heirs with small estate or present tax liability.
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