Living trust sentence example

living trust
  • By avoiding probate, a living trust gets your assets distributed significantly more quickly than a will does.
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  • When it comes to estate planning, how do you decide on a will versus a living trust for your needs?
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  • A living trust is a created during a person's, know as the grantor, lifetime.
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  • The main advantage to placing assets into a living trust is a financial one.
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  • Since a typical probate process can last as long as one year, a living trust is a benefit to heirs to the estate.
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  • Another advantage to a living trust is that the terms of the trust are kept private; unlike a will, they are not made public after the grantor's death.
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  • Putting assets in a living trust may also help to lessen the burden of estate taxes.
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  • A person interested in estate planning doesn't necessarily need to choose a will versus a living trust.
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