When heirs wait on an estate to move through the probate process after a loved one passes, it can be both expensive and time-consuming. In order to avoid this, a living trust is often created.
A living trust is an estate-planning tool, a legal document that allows you to grant the ownership of your various assets to your beneficiaries of choice. A trustee will be appointed, who will oversee the management of your assets for your beneficiaries.
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