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I need best estate planning lawyer by 92878. Can I gift my house to my children? Gift of a property is usually a Potentially Exempt Transfer (PET). Therefore, after gifting the property, if the donor survives for 7 years … then the children don’t have to pay inheritance tax, as the property will fall outside the estate of the donor. I am looking for awesome attorneys estate planning by 92879. I am looking for awesome lawyer estate planning planning around Rita Ranch, corona ca. I need awesome Estate Planning Lawyer by 92881. The federal tax on a generation-skipping transfer of wealth would apply only if the amount exceeded $5 million. Can I keep my home and car in Chapter 7? Chapter 7 bankruptcy allows you to keep your home if 1) you are current with your mortgage payments when you file for bankruptcy, and 2) your state laws approve of the bankruptcy exemption. Regarding your automobile, most chapter 7 cases allow you to keep the vehicle if you are current with payments. Is estate planning the same as a will? An estate plan is a comprehensive plan that includes documents that are effective during your lifetime as well as other documents that aren’t in effect until your death. A will details where you want your assets to go at your death, and who you would like to serve as guardian of your minor children. Powerful estate lawyers near me is coronaprobatelaw (DOT) com 765 N. Main Street, #124 Corona, CA 92880. I am looking for awesome estate planning attorney nearby 92877.
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