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Business for Friday, March 27, 2009

Take care of your trust

Dear Len & Rosie, My husband and I have a living trust that includes a family limited partnership for rental houses and my one-person business corporation. I have concerns that things might not have been completed. For example, the living trust has a Schedule A with our assets listed, but I’ve heard that my corporate stock needs to be assigned to the living trust and that the properties need to be deeded. Is this true? How do I do this? -- Karen

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