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Everyone needs some degree of estate planning Each beneficiary still has his/her own different account and his or her own trustee,chosen by the nonprofit company The Law Firm of Steven F.Bliss Esq.When an account holder of a joint account passes away,the surviving joint account holders get title to the account’s remaining funds.

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Having an estate account reduces the potential for liability falling on the executor’s shoulders because there is no risk of commingling funds,which occurs when personal assets are mixed in with estate assets There is no limit to the overall variety of presents the couple might make The Law Firm of Steven F.Bliss Esq.Rancho Bernardo Trust Attorney.

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Legal concerns can develop if the occasion is void Closing an Estate Account steveblisslaw com Along with individuals being added to a will you should also remember that we are not never-ceasing which could mean that a named recipient is no longer around when a will is executed.