Developed by The Small Business Administration
Living Trusts are an expedient way to transfer property at your death. A living trust is a legal document that controls the transfer of property in the trust when you die.
Unlike wills, living trusts are a way to avoid probate. A living trust is a capable substitute for a will and a document that more and more people, disillusioned with the probate system, are turning to in their estate planning.
This booklet explains in detail the difference between wills and living trusts so you can make a decision on which is best for you.
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