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Definitions from WordNet

Definitions from the Web

Living Trust

Description:

A living trust, also known as an inter vivos trust, is a legal document created during a person's lifetime to manage their assets and property. It is a valuable estate planning tool that allows assets to be distributed to beneficiaries after the individual's death without going through probate.

Sample Sentences:

• She decided to create a living trust to ensure a smooth transfer of her assets to her children.
• The living trust provided for the easy management and protection of the family's real estate properties.
• By establishing a living trust, he could avoid the costly and time-consuming process of probate.
• They appointed a trustee to oversee the administration of their living trust.

Related Products on Amazon:

• Living Trust Kit
• Living Trust Book
• Living Trust Software