Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer.
A living trust is a legal document that directs the transfer of ownership of your assets to a trust, from which a trustee distributes them according to your instructions after your death.
Also known as a revocable trust, this is a powerful tool for estate planning because it offers some noteworthy advantages over a traditional last will and testament when it comes to ensuring that your estate is managed and then distributed per your wishes, especially if those wishes are changeable before your passing.
Source Fool.com
