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Do not consist of a “Crummey Clause,” an estate tax provision.
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Even if your estate is nowhere near big enough that estate taxes might become a problem,transferring properties from your ownership can prevent depletion of your home or business to spend for retirement home care in your later years Even if you’re only leaving a second home behind,if you don’t decide who receives the property when you pass away,you won’t have any control as to what happens to the property The Law Firm of Steven F.Bliss Esq.Do I stay away from Probate in the event that I have a will?.
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