A living trust is a legal document you set up while you’re alive to ensure that the assets you put in the trust, such as real estate, stock and bond holdings, CDs, and jewelry, are distributed ...
Image source: Getty Images. A living trust is also known as a revocable trust or an inter vivos trust. It's a legal document that allows an individual to transfer their assets into a trust while ...
You could write a will that outlines your final wishes. But you may also want to consider using a living trust to pass an inheritance on to your family. There are a number of benefits to doing so.
There are two basic types of trusts: living trusts and testamentary trusts. A living trust or an "inter-vivos" trust is set up during the person's lifetime. A Testamentary trust is set up in a ...
For many, a revocable trust — or living trust — is a great option because of the benefits it provides. A revocable trust is essentially a will replacement. Rather than directing assets toward ...
All trust funds are either revocable or irrevocable. Both are referred to as "living" trusts when the grantor creates them during their lifetime. A "testamentary" trust is one that's created after ...
This type of living trust can be either revocable—meaning you can alter the terms or cancel it entirely—or irrevocable—meaning you cannot modify the trust at all without the approval of ...
Sometimes called a revocable trust, a living trust is created prior to someone’s death. “A revocable trust is created outside of probate,” says Patrick Simasko, elder law attorney and wealth ...