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A living trust is a legal setup that allows an individual or couple to specify how their assets should be distributed after they pass away. Also known as a revocable trust, it can be adjusted or ...
Image source: Getty Images. 1. You don't have to go through the probate process. When it's time for a will to be executed, it goes through a process called "probate." During probate, a court ...
Image source: Getty Images. Putting a living trust in place can be costlier and more time-consuming than a typical will. But there's a good reason to make that investment.
1. You can avoid going through probate. When you pass away with a will, it's subject to a court process called "probate." During probate, a court will verify that a will is valid and legally ...
When you pass away and leave a will, your loved ones are forced go through probate, which is a court's way of proving a will's validity. Probate can be a long process, and also, an expensive one.
It's an option worth looking into, but it may not be ideal for you.
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