Living trusts allow you to transfer property to a trust so the trust owns the property instead of you. You name a trustee to manage the property, which can usually be you or another trusted individual or organization, such as a bank or trust company. You also name beneficiaries, which may be you during your lifetime. The trust is managed for the benefit of the beneficiaries. Living trusts can be revocable or irrevocable. Revocable trusts can be changed and … [Read more...] about What Living Trusts Can Do for You?
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