Living Trusts
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<p>A "Living Trust" is a special legal entity that is created by preparing and executing a formal trust document, declaring a hold on certain property "in trust". A living trust is created for the purpose of holding ownership to an individual's assets during the person's lifetime, and for distributing those assets after death. Consumers should consult an attorney to determine the type of trust that would be best suitable for them.</p><br> | <p>A "Living Trust" is a special legal entity that is created by preparing and executing a formal trust document, declaring a hold on certain property "in trust". A living trust is created for the purpose of holding ownership to an individual's assets during the person's lifetime, and for distributing those assets after death. Consumers should consult an attorney to determine the type of trust that would be best suitable for them.</p><br> | ||
Latest revision as of 17:39, 14 March 2011
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A "Living Trust" is a special legal entity that is created by preparing and executing a formal trust document, declaring a hold on certain property "in trust". A living trust is created for the purpose of holding ownership to an individual's assets during the person's lifetime, and for distributing those assets after death. Consumers should consult an attorney to determine the type of trust that would be best suitable for them.
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