If are a private person, or just want to save your family time and money, you may wish to set up and fund a Living Trust. A Living Trust, which directs how your assets are distributed, may be set up and funded during life. Unlike a Will, assets owned by a trust are not subject to the court proceeding known as probate. This can be lengthy and costly process. Establishing a Living Trust to avoid probate may save your family time and money.
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