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The trust passes the assets to your beneficiaries after your death. Estate planning attorneys work closely with their clients to help determine the trust that is right for them. Ensure you know exactly who will receive your assets after you pass away and who will be in charge of distributing them. A grantor, the person who creates the trust, chooses.
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This is a form sample of a joint revocable trust entered into by both husband and wife. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. To set up a revocable living trust, follow these steps: The trust passes.
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Web A Living Trust (Also Called An Inter Vivos Trust) Is Simply A Trust You Create While You're Alive.
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Within It, You Must Name A Trustee, List Beneficiaries, And List The Assets You Will Place In The Trust…
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