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With a living trust, your loved ones might get access to their inheritance sooner, and without the same hassle as probate. Just as importantly, their privacy is protected so that no one can simply ...
A living trust is a legal arrangement that allows you to pass on assets to the beneficiaries you designate. You're able to maintain control over a trust and its assets as long as you're alive.
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 ...
In other words, it's a trust created by a person during his life (as opposed to a testamentary trust, which is a trust he or she provides for in a will, and which is created only upon death). A living trust, an inter vivos trust, can be either revocable or irrevocable during the life time of the creator (the grantor, settlor, trustor). Some ...
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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.
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