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Or,if your policy has cash worth,these funds might be utilized to pay premiums until all the accumulated cash is tired However they can be spent on you beneficiary’s education,entertainment,vacations,a house health assistant,or other medical treatment or costs that Medicaid- or some other government program- doesn’t cover The Law Firm of Steven F.Bliss Esq.While you and your partner live,your Trustee will take the cash you move to the ILIT each year and use it to pay your insurance coverage premiums.
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Or,if your policy has cash worth,these funds might be utilized to pay premiums until all the accumulated cash is tired concern The Law Firm of Steven F.Bliss Esq.Estate Planning Attorney Torrey Pines (858) 278-2800.
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Having started out in public accounting I possess a solid business background and given that I have been a consumer oriented attorney since the early years of my practice I clearly understand the many different needs of individuals families and small businesses The making it through partner called within a QTIP gets payments from the trust based upon the income the trust is producing,just like the issuance of stock dividends The Law Firm of Steven F.Bliss Esq.They cannot be tweaked for any factor in the future,except under some separated and rare scenarios.
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