Overview

A living trust is created for the purpose of holding ownership of an individual's assets during the person's lifetime, and for distributing those assets after their death. It is also one of the most effective and common methods used to avoid probate. A revocable living trust is a type of trust created for the purpose of holding ownership of an individual's assets during that person's lifetime, and for distributing those assets after their death. This particular type of trust can be an excellent tool for solving a number of issues confronting individuals and families today, including the avoidance of probate, the management of property during periods of incapacity, the protection of property for beneficiaries who can't handle an inheritance on their own, protecting assets from disgruntled heirs, the elimination or minimization of federal estate taxes, and the assurance that personal affairs will remain private. This self-help legal book provides you with step-by-step instructions, detailed information and all the legal forms necessary to enable you to establish your own revocable living trust. Make Your Own Living Trust: - Avoid Probate - Manage Your Property during Incapacity - Make Gifts to Your Loved Ones - Create Trusts for Young Beneficiaries

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9781906144630

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