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There are no executors named in the will The purpose is to define what you want done with a particular asset after your death or incapacitation steveblisslaw com person and you do not prepare ahead,everything in your estate over the quantity of the estate tax exemption when you die will go through estate taxes.
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While generally the transfer of possessions owned by somebody into an irrevocable trust for the benefit of someone else would be deemed a gift for federal present tax functions,with a GRAT given that in theory all of the properties transferred in might return to the Grantor/Trustmaker,the worth of the present to the recipients of the GRAT will be at or close to $0 La Playa The Law Firm of Steven F.Bliss Esq.San Diego Probate Lawyer North City

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For more inFirmation speak to us about estate planning and other ways to protect you assets and avoid probate The Law Firm of Steven F.Bliss Esq.Estate Planning Lawyer Not to mention that both individuals could become bitter toward each other (and you) during a legal battle.