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A living trust can be an important part of your estate plan. Check out this guide showing you how to set up a living trust and why you might need one.
As the assets aren't considered a part of your estate, they sidestep the probate process. It also lets you continue to use assets transferred into the trust, such as property or investments you own.
What is a last will and testament? This guide will explain what this estate planning document is, why you need one, how to create one, and more.
If you are concerned that your children, grandchildren, or other family members do not have the skills required to manage and invest their inheritance, or will lose it in a lawsuit or divorce, ...
Upon death, a revocable trust does not get filed in the surrogate’s office, she said. The trustee or successor trustee will administer and/or distribute the trust assets, she said.