Add Debt Help - When Things Go Above Control

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In it of incapacity, the grantor (creator within the trust) names someone to behave as the successor trustee. This successor trustee can easily take over-the-counter management for the trust becoming appointed from your court.
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Lily has a good relationship with her kids, so she can title the condo in their names. Sometimes there could be quite gift-tax issue when transferring ownership a good asset together with a child. I almost never recommend adding a child's name towards home, however in this case it seems logical and she shouldn't incur any tax liability.
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