Residue of your respective estate: The residue of your estate includes all remaining property not by now offered as distinct presents. If you have named more than one beneficiary for your residue within your estate then your executor could possibly have to sell your remaining property (in this instance, your motorboat, your cottage from the nation,

Charitable Remainder Trusts: A charitable remainder trust is actually a tax-exempt and irrevocable trust. They can be utilized to reduce the taxable cash flow with the trustor. To set one particular up, the donor would make a gift of assets for the trust, providing a partial tax deduction.The specified life of the trust may very well be included in