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Under California Probate Code section 10800, the Executor, Administrator, or Personal Representative typically receives statutory compensation based on California law calculated in the following manner:
4% on the first $100,000;
3% on the next $100,000;
2% on the next $800,000;
0% on the next $9M;
5% on the next $15M; and
As determined by the court, a reasonable amount for all amounts above $25M. How do I protect my inheritance from a nursing home? Set up an asset protection trust This is the best way to protect your assets from care home fees to preserve your loved ones’ inheritance. You will need to appoint trustees (usually family members) to manage the trust and carefully explore the different kinds of trusts available. I’m looking for Trust Attorney by The Farm in Wildomar, CA. I recommend the Brilliant living trust lawyer at Wildomar Probate Law. I coluld use Living Trust Lawyer nearby 92584. I highly recommend the awesome living trust attorney at Wildomar Probate Law. I’m looking for Attorney Trust around The Farm in Wildomar, CA. I would call Steve Bliss at Wildomar Probate Law. I coluld use Lawyer Living Trust around Heritage Crossings in Wildomar, CA. I highly recommend the awesome living trust attorney at Wildomar Probate Law. I really need Living Trust Lawyer nearby 92584. I recommend the Brilliant living trust lawyer at Wildomar Probate Law. Is it true that after 7 years your credit is clear? Even though debts still exist after seven years, having them fall off your credit report can be beneficial to your credit score. Only negative information disappears from your credit report after seven years. Open positive accounts will stay on your credit report indefinitely. *When you fund your irrevocable trust with money or assets, you automatically provide a way for ownership of those assets to move to beneficiaries of your choice at the time of your choice, so probate becomes unnecessary. What assets can you keep in Chapter 7? Motor vehicles, up to a certain value.Reasonably necessary clothing.Reasonably necessary household goods and furnishings.Household appliances.Jewelry, up to a certain value.Pensions.A portion of equity in the debtor’s home. Can the IRS seize assets in an irrevocable trust? One option to prevent the seizure of a taxpayer’s assets is to establish an irrevocable trust. This rule generally prohibits the IRS from levying any assets that you placed into an irrevocable trust because you have relinquished control of them.
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