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If there's one drawback to putting a living trust in place, it's the cost. You should expect to spend more on a living trust than a standard will. And the more complex your estate is, the more ...
A living trust is a legal arrangement that allows you to pass on assets to the beneficiaries you designate. You're able to maintain control over a trust and its assets as long as you're alive.
Image source: Getty Images. 1. You have a number of beneficiaries. The nice thing about a living trust is that it allows you to maintain control over your assets as long as you're alive.
If you are considering a living trust, consult an estate planning attorney to see if it makes sense for your situation. The $ 22,924 Social Security bonus most retirees completely overlook.
Nolo, formerly known as Nolo Press, is a publisher in Berkeley, California, that produces do-it-yourself legal books and software that allows people to handle simple legal matters such as making wills or writing business partnership contracts. [4]
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