If you have no will, passing your assets may require a probate. A probate can be costly and take a long time. On the other hand, a living trust is a legal document that lets you make your wishes known about who will get your assets upon your death. If done properly, no probate will be necessary to pass your assets to your loved ones.
This relieves stress for you and for your loved ones later. You will pick a "trustee", who is like an executor, who will be responsible for distributing your assets acceding to your wishes. A living trust is flexible and allows for changes until your passing. With a trust, you will always have control of your assets.
This relieves stress for you and for your loved ones later. You will pick a "trustee", who is like an executor, who will be responsible for distributing your assets acceding to your wishes. A living trust is flexible and allows for changes until your passing. With a trust, you will always have control of your assets.
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