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tipweek: dailyfinancialquestion_16.htm What is a Living Trust?

Daily Question

What is a living trust?

 
 
 

Answer

c) A revocable living trust is primarily a way to hold assets while you are alive to avoid having them be subject to probate when you die. These popular trusts are revocable and enable the grantor to still control the assets and withdraw them if needed. Consult your estate-planning advisor for more details.