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State that it is not planned as a basic support trust.
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Individual retirement accounts are individual cost savings prepares that allow you to set aside cash for retirement while getting a tax reduction.
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A trust allows an individual or household to designate somebody else,usually a trusted daughter or son,to transfer property after they pass away without the need for a court order and the long and pricey procedure that is involved in acquiring a court order The Law Firm of Steven F.Bliss Esq.(858) 278-2800 Trust Lawyer This is why it is important to maintain a beneficiary � and a contingent beneficiary � on such an account.
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