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  2. If you want to help your kids bypass probate when you die ...

    www.aol.com/finance/want-help-kids-bypass...

    If you want an extra layer of security and peace of mind, you can create a revocable living trust. A trust would have helped Pete’s family avoid probate, protect their privacy, and minimize ...

  3. Five items to leave out of a revocable living trust

    www.aol.com/finance/want-help-kids-bypass...

    Living trusts can act as probate-repellent, but some assets need to be kept out. I want to help my kids bypass probate when I die — here are 5 assets I won’t put in a living trust Skip to main ...

  4. Is a Living Trust Really the Best Way to Pass an Inheritance ...

    www.aol.com/finance/living-trust-really-best-way...

    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 ...

  5. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    Revocable living trusts were often touted and marketed as valuable solely because of their ability to "avoid probate" and the costs and complications that surrounded it. Although probate avoidance is certainly a consideration in the use of a "living trust", there are many other estate planning techniques which also "avoid" probate.

  6. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    Inter vivos trust (or 'living trust'): A settlor who is living at the time the trust is established creates an inter vivos trust. Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in ...

  7. Bypass trust - Wikipedia

    en.wikipedia.org/wiki/Bypass_trust

    A bypass trust is a long-term planning device. It is typically created as part of an A/B Living trust estate plan after the death of the first spouse to die. During life, a married couple transfers ownership of property into a trust.

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