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Additional copies of this document ought to be kept handy for usage in emergencies and your estate planning lawyer needs to have a copy too Individuals are living much longer 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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Meetings or interactions with beneficiaries to fix issues and explain the workings of the trust can be time consuming,challenging,if not downright exhausting Talmadge.
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