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The factors for this are complicated,yet there are some typical aspects that must be discussed with your probate attorney The Law Firm of Steven F.Bliss Esq.Estate Planning Lawyer The trust (not your spouse) owns the properties,however your partner can get income from the trust and,with the trustee’s approval,might likewise get principal.
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Obtain a tax ID number for the estate account The process for closing probate depends on the state in which probate takes place,but it generally involves a final accounting that shows all the transactions that have affected the estate’s funds during the probate process steveblisslaw com That person is called a Successor Trustee and they thus have the same legal powers that you did so that they can sign any documents necessary to carry out the management and disposition of your assets that you specified in the original trust declaration.
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