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A popular option is a living trust, which many people consider one of the better routes to take. A living trust is a legal setup that allows an individual or couple to specify how their assets ...
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 ...
A living trust is an arrangement that allows you to pass on assets. You do so by placing assets into the trust that your designated beneficiaries inherit.
A number of religious and spiritual traditions encourage simple living. [6] Early examples include the Śramaṇa traditions of Iron Age India and biblical Nazirites.More formal traditions of simple living stretch back to antiquity, originating with religious and philosophical leaders such as Jesus, Lao Tzu, Confucius, Zarathustra, Gautama Buddha, and Prophet Muhammad.
After executing a trust agreement, the settlor should ensure that all assets are properly re-registered in the name of the living trust. If assets (especially higher value assets and real estate) remain outside of a trust, then a probate proceeding may be necessary to transfer the asset to the trust upon the death of the testator.
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