Due to increased media attention, most of us are now aware of the substantial costs and delays associated with probate. Fortunately, these problems can be avoided by simply creating a living trust.
A living trust is a trust used for the purpose of avoiding probate. They are easy to set up and simply involve completing and signing a trust agreement in which you name yourself as both grantor (creator of the trust) and trustee. Once the trust is set up, you then transfer some or all of your assets to it. As trustee, you.
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