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The Estate Planner September/October2010Is your estate plan ready to change with the times? Qualified disclaimers add flexibility values be your trustees guide A principle trust may be a better option
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The estate includes all of the assets, property, and debts left behind by a deceased person.
The executor or administrator of the deceased person's estate is responsible for filing the estate.
The estate is typically filled out by using specific tax forms and providing detailed information about the assets, property, and debts.
The purpose of filing the estate is to determine the value of the assets, pay any debts or taxes owed, and distribute the remaining assets to beneficiaries.
Information such as the value of assets, property titles, debts, and any income earned by the estate must be reported.
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