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Once the maintained income period ends,ownership of the home will pass to your beneficiaries,and so you will not have the right to occupy and reside in the house rent-free The Law Firm of Steven F.Bliss Esq.Trust Lawyer The child may go through a divorce or bankruptcy that would place your home in jeopardy.
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The decedent has a will distributing property to beneficiaries without the use of a valid and properly funded trust Even assets with beneficiary or payable-on-death designations can become part of the deceased’s probate estate if the beneficiary dies before the owner steveblisslaw com If you don’t Firmally make decisions about who inherits your assets,your state will make them for you based on its laws,which may not reflect your wishes.
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This payout usually happens rapidly,privately and typically without any legal costs included

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If you have not made durable powers of attorney and something takes place to you,your enjoyed ones might need to go to court to get the authority to manage your affairs.