About Estate Planning
What is a living Trust?
A living trust is a document that is also referred to as a revocable living trust, and allows a person to control their own assets while they are living and after they pass away. Unlike a will, which only goes into effect after death, a living trust provides protection if a person becomes physically or mentally incapacitated. One of the important aspects of a living trust is that it can avoid the probate process. A will, by necessity, usually requires the probate process, but a living trust can be administered without going through the formal procedures of probate.
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