A living trust is a legal document that fits into your estate plan and holds assets for you so that when you pass away those assets are not distributed through the normal probate process. This is different from inheriting assets down through a last will and testament, because a trust gives you the ability to control how much when, how often and to whom your assets are distributed.
It is very important before creating a trust to sit down with an experienced estate planning attorney to fully understand the legal, financial, tax, and inheritance implications of any assets that you put into a trust.
You can learn more about estate planning on our website here:https://parksandmeade.com/best-estate…
