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Once probate is closed,the executor can make final distributions from the estate account to the beneficiaries,after which the account itself can be closed proper.
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In spite of these issues,however,you may still find that moving an existing policy from your estate into an ILIT is well worth it Golden Hill.
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What personal data we collect and why we collect it This analysis uses similarly to judgments coming from Florida,judgments entered in other states tape-recorded in Florida pursuant to the UniFirm Enforcement of Foreign Judgments Act,see Haigh v steveblisslaw com Your Trustee might also manage such administrative responsibilities as the yearly notification to your beneficiaries (called a “Crummey Letter”),and the filing of the ILIT’s income tax return,if necessary.
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The Probate Court certifies the executor designated in the decedent’s estate plan,or appoints another third-party administrator under certain circumstances

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