A living trust, also known as a revocable trust or inter vivos trust, is a powerful estate planning tool that allows you to manage and distribute your assets during your lifetime and beyond. It’s a versatile and flexible legal arrangement that can offer numerous benefits, from avoiding probate to providing for loved ones. In this comprehensive guide, we will explore what a living trust is, how it works, its advantages, and when it might be the right choice for your estate planning needs.
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