This is often the main reason people use a living trust as part of their estate plan. The assets that are held by a living trust after your death can typically be distributed by your successor trustee more quickly than with a will. Because these assets are held by your trust rather than ...
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A trust is a legal entity into which you can transfer all or any portion of your assets. When it is created, you name yourself as trustee, and in that capacity you control the property in the trust. After your death, the person you selected as “successor trustee” takes over control ...
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The 'living trust' has become an increasingly popular estate planning tool because of the many benefits it offers.
A living trust allows you to name beneficiaries and appoint a trustee to manage and distribute trust assets after your death. In turn, it allows your family to avoid the intrusion of probate for property distributed by the trust and other matters related to your estate. Some individuals establis...
Although a living will and a living trust are commonly referred to in estate planning, they are different. A living will involves how the subject person will be cared for if in a compromised or incapacitated state. This medical directive terminates upon the death of that person. ...