Basic Financial Literacy (For Review Only)

88 | Basic Financial Literacy P ERPETUITY OF E NTITIES IN A VOIDING P ROBATE L L CAsn( Le si ms eint et di a lLbi aebniel iftiyt oCfoemmppalnoiyeisn)gaenndt ittri ue ss tssuicnheass- tl ea nt eg t ph lya na nn idn gc oims pt lheexi rp raobbi lai tt ye at on db iynphaesrsi t at hn ec e opf treon- cneostsc. eUans el i kt oe ei nxdi sitv ui dpuoanl oonwen’ se rdsehaitph, . t h e s e e n t i t i e s d o st reat nsL,s L e f C e n s r s r u a e r n d i d n t g o tr t y u h o s a u t t s r y o d o f e u f s e r i r g p a n r a o s t p e e a e d m r t b i l e e e s n s s e o f r t i r c b a i u a n r s s i i i e n t s i e o s w n s i e o t s h f o a a r u s e - t twhiet ht yppr oi cbaal t ed. eTl ahyi ss iasnpda rpt ui cbulliac r lsyc raudtvi na yn t aags es oo cuisa tfeodr bceuesdinwesi tshcoount tiinntueirtryu, patsi oitn.al l ows operat ions t o pro- r s e e c t, I t n w ly h t t h i o c e h b e c c n a a s e n e f i b c o e ia f s r p t i r e e u s c s i a f t i s c c , c a o a ll r s y d s i e t n a ts g il o t a o r r e e t d h d e to i t s e y tr r o i m u b r u s t w y e o i d s u h ’ d v e i e s - at ani dn s t pi mr ievlai nc ye sb. uTt hai lss od iarl el oc wt st r faonrs af emr onroet eof fni lcyi e mn t aei nx -- eucpudtai ot en yoofu ry ot ruurs te sdtoact ue mpel annt ss . eHv eorwy efveewr , ybe ea r ss ut roea dt o- dreSsismyiolaurrlyc,uarnreLnLt Cdecsainrehs.old assets like real estate ot ur rceodmt op apna ys ssohna rt eosy, oa un rd hi tesi ros w, bnyeprasshsi ipn gc apnr obbeast ter eunc -- tdi irset lryi b. Tuht ei sdeanss ui nr et esnt dh ea dt y, owui trhaosus et ttshaer ep omt ea nn taigael dc oa mn d- plications and costs of probate court proceedings.

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