A living trust is a legal arrangement that holds assets for a person during their lifetime and distributes them after death, often avoiding probate.
A living trust is a legal arrangement that holds assets for a person during their lifetime and distributes them after death, often avoiding probate.
A living trust is a legal arrangement in which a person (the grantor) places their assets into a trust to be managed by a trustee during their lifetime and distributed after death. It helps avoid probate and ensures privacy.For seniors, a living trust simplifies estate planning, reduces legal complications for heirs, and can include provisions for managing assets if the person becomes incapacitated. It’s a flexible and powerful tool for protecting wealth and ensuring that final wishes are honored.
A living trust is a legal arrangement that lets a person transfer assets to beneficiaries without going through probate court. It becomes active while the person is alive and can be updated as circumstances change.For seniors, a living trust provides control, privacy, and smoother estate handling after death. It simplifies the process for heirs and can include provisions for managing assets in case of incapacity. Having a living trust in place reduces legal delays, avoids unnecessary costs, and gives families clear direction during a difficult time.