What is A Living Trust?
A Living Trust is a legal document established during a person’s lifetime that specifies whom you want to manage and distribute your property if you’re unable to do so, and who receives it when you pass away. Once signed, you transfer ownership of your assets into the trust and you remain in complete control of your property.
Trusts are usually revocable, which means that the person establishing the trust can make changes to the trust at any time as long as they are competent to do so. The biggest benefit of a living trust is that it can be managed and distributed WITHOUT going through the PROBATE COURT.
Advantages of setting up a Living Trust:
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