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Once the children reach the age of 21, the trustee will distribute the interest and dividends directly to the child to learn how to use the money. Which is better a trust or LLC? The choice between LLC and trust depends on individual situations. LLCs are better at protecting business assets from creditors and legal liability. Trusts can handle many types of assets and are better at avoiding probate and reducing estate taxes. The usual way to do this is by gifting 10% of the asset and having the trust make installment sale payments on the remaining 90% of the asset. Can I keep my house in Chapter 7? Most Chapter 7 bankruptcy filers can keep a home if they’re current on their mortgage payments and they don’t have much equity. However, it’s likely that a debtor will lose the home in a Chapter 7 bankruptcy if there’s significant equity that the trustee can use to pay creditors. I need excellent lawyer estate planning planning around Norco Hills, corona ca. I am looking for an ideal asset protection trust attorney. Yes, Steve Bliss with Corona Probate Law offers the legal services with an achievable asset protection trust attorney. I need excellent estate planning attorney nearby 92883. This legislation established a permanent $5 million tax exemption on generation-skipping transfers. I need brilliant lawyer estate planning nearby Rita Ranch, corona ca.
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