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Preventing Lack of Liquidity

Posted by Maria N. Jonsson | Dec 22, 2016 | 0 Comments

It is difficult to estimate with certainty how much it will cost to settle one's estates or how quickly expenses and taxes must be paid. Insufficiency of cash can be created by a number of expenses, such as: federal and state taxes, probate or trust administration costs and attorneys' fees, creditors' claims, payments of debts, loans and encumbrances, etc. Consider adequate life insurance planning to ensure your trust will not be real estate-rich and cash poor, which may force the fire-sale of a valuable piece of real estate which you really intended to keep in the family, to generate much needed cash to pay for expenses of administration.

About the Author

Maria N. Jonsson

Founding Attorney and a Certified Specialist in Estate Planning, Trust & Probate Law by the State Bar of California Board of Legal Specialization

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At the Law Offices of Maria N. Jonsson, PC, we focus on Estate Planning, Probate and Trust Administration only. We deliver hands-on, detailed and compassionate professional guidance with every aspect of your case.

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Attorney Maria N. Jonsson, Esq. is a Certified Specialist in Estate Planning, Trust & Probate Law by the State Bar of California Board of Legal Specialization. The Law Offices of Maria N. Jonsson, PC is committed to providing a comprehensive and holistic analysis of your specific circumstances as they relate to Estate Planning, Probate and Trust Administration issues in California. Schedule a one-on-one discussion of your case with Attorney Jonsson directly.

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