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From Nasdaq: 2024-06-22 14:32:00

Living trusts are important for estate planning, offering control, customization, and flexibility. They come in revocable and irrevocable forms, with irrevocable trusts reducing assets owned by the grantor. Trusts can also minimize taxes, help avoid probate, and qualify for government benefits. Distributions can occur during the grantor’s lifetime, benefiting loved ones or charities. Additionally, trusts can provide financial discipline and structure for beneficiaries. Overall, trusts offer a valuable tool for those with complex estates, providing a way to efficiently distribute assets and protect beneficiaries’ financial well-being.



Read more at Nasdaq: 5 Reasons to Seriously Consider Using a Living Trust to Pass an Inheritance to Your Family