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A living trust is a legal document that allows individuals to transfer their assets into a trust while they're alive. Find out if it makes sense for you.

Dear Liz: My husband and I made a living trust in 2004. He died in 2018, so his half became irrevocable. But while we were settling his estate, no one mentioned (though I can see clearly in the ...

Revocable Trust vs. Irrevocable Trust: An Overview A revocable trust (also known as a living trust) is a trust that can be managed and changed by its creator (or grantor).

Mention a last will and testament, and almost everyone knows what you’re talking about. But that isn’t the only type of will you need. There are also living wills, which can serve as a ...

Many estate planning lawyers act as if everyone should have a trust yet most Americans don't even have a simple will. Given that trusts can easily cost thousands of dollars in legal fees, it's a ...

A living trust actually is much more akin to what you might think of as a will, if what you're thinking of is a last will and testament. The latter is a legal document in which you lay out how you ...

For a living trust to work, you have to do the hard work of transferring legal title of assets to it. That means changing the deeds to real estate and recording them as local law requires.

What Is an Irrevocable Income-Only Trust (IIOT)? An irrevocable income-only trust is a type of living trust often used for Medicaid planning. It protects assets from being sold to pay for nursing ...