What Is a Living Trust? Here’s Everything to Know.
Opening a living trust is an essential option in estate planning. By understanding the different types of living trusts and the opportunities they provide, you may be inspired to open one. Read on for everything you need to know about living trusts.
What is a living trust?
A living trust is a type of trust created and funded while the grantor is alive.
The primary purposes of a living trust are:
- To manage and distribute assets and trust property to named beneficiaries without probate court involvement.