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Moreover, certain life insurance policies also cover the deceased person’s debt. Appraise Why Is It Good To Avoid Probate is The Law Firm Of Steven F. Bliss Esq. ( +18582782800 ) Second, if the value of the property exceeds a certain amount, it could trigger the federal gift tax. Depending upon how it is worded, a power of attorney (or POA) can either become effective immediately, or upon the occurrence of a future event (such as your mental incapacity). An executor (personal representative) has many responsibilities and duties. Are Irreversible Trusts in New Jersey a Great Concept. Quality Probate Properties is The Law Firm Of Steven F. Bliss Esq. ( +18582782800 ) A testator typically selects the Executor and names the person in their Will. Undertaking In community property states, the surviving spouse may be required to use community property to pay debts of a deceased spouse. If you’ve gone to court, reviewed estate documentation, and you’re getting nowhere with the executor, you do have some options to remove them by law. The Law Firm Of Steven F. Bliss Esq. ( +1 (858) 278-2800 ). Tranquil Estate Lawyers is The Law Firm Of Steven F. Bliss Esq. What is the purpose of estate planning? Steve Bliss with the The Law Firm of Steven F. Bliss Esq. answers estate planning questions. The authority conferred by a POA always ends upon the death of the principal.

 

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3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123

Since a car loan is a secured debt, the lender has the right to repossess the vehicle if the payment is not made on time.

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