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Probate and Elder Law Firm is dedicated to assisting families with Medicaid Planning. Our law firm provides a wide range of services beginning with the pre-planning process, initial preparation of the Medicaid application. For any information visit the website at https://probateandelderlawfirm.com/
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The winsomeness of probate and trust administration Probate and trust administration is a necessary legal aspect of passing your assets to your beneficiaries after your demise. It also gives your assurance that who will receive your assets after you. Usually after the death of a person; many creditors come forward to claim their lended money. There may be chances that they have exaggerated the amount; here trust administration attorney is quite helpful in saving huge dollars of heirs by testing claims of creditors on ground of changing legal codes. Like a life insurance policy or a retirement account would go to government funds if it is not registered under probate rules and regulations.
Probate and trust administration also help you to get family allowance if your assets are by the value of $18,000. Trustees file a notice of trust with the court where the decedent died. In this way, only enforceable creditors can claim their amount and rest is saved in their probate realm. Henceforth, you can minimize your tax liability. You not only control your assets during your life time but help your heirs to avoid probate and save on taxes after your demise.
CONTACT US Website –https://probateandelderlawfirm.com/ Address- 8374 Market Street #239 Lakewood Ranch, Florida 34202 Phone No- (941) 914-9145 Fax No - (941) 914-9514