A living trust is a legal document you set up while you’re alive to ensure that the assets you put in the trust, such as real estate, stock and bond holdings, CDs, and jewelry, are distributed ...
The first downside is that setting up a living trust isn't always the easiest process, and professional assistance is often encouraged to ensure it's created properly and assets are transferred ...
Setting up a trust, however, is only half of the solution. For a revocable living trust to take effect, it should be funded by transferring certain assets into the trust. Often, people fund a ...
For this reason, I'm extremely inclined to set up a living trust for my family instead. I wouldn't want people outside of my inner circle knowing how much money I have in my bank account or ...
A living trust or an "inter-vivos" trust is set up during the person's lifetime. A Testamentary trust is set up in a will and established only after the person's death when the will goes into effect.