In the article Wills and Trusts: Which Will You Trust for Your Estate Planning?, Linda Covella discusses the relative strengths and weaknesses of living trusts. The author argues that living trusts help to avoid probate, insure privacy and offer a speedy resolution compared to the more traditional solution of using a will.
Read the entire artcile here.
Posted by Isaac Pflaum, Associate Editor, Wealth Strategies Journal
A Trust is a legal document that holds title or ownership to your real property and assets. When you create a Living trusts you transfer ownership of your assets to the Trust. You do not relinquish any control of your assets. You may still buy, sell, borrow or transfer assets to and from the Living Trust.