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It may be used to collect the personal property of the deceased without Probate. This testimony typically centers around the information contained in the initial petition requesting that they will be probated. How Long Does an Executor of a Will Have to Settle an Estate?. I seriously need a brilliant lawyer probate near Escondido, Ca. I would call Steve Bliss, he is an excellent probate lawyer. Are trusts taxable? Trusts are subject to different taxation than ordinary investment accounts. Trust beneficiaries must pay taxes on income and other distributions that they receive from the trust, but not on returned principal. IRS forms K-1 and 1041 are required for filing tax returns that receive trust disbursements. Therefore, a carefully worded spendthrift provision in a trust agreement may still be able to shelter and protect assets. Can a debt collector garnish my bank account? If a debt collector has a court judgment, then it may be able to garnish your bank account or wages. Certain debts owed to the government may also result in garnishment, even without a judgment. Fabulous Estate Probate Process is The Law Firm Of Steven F. Bliss Esq.
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