What Is A Living Trust?
January 28, 2009
These days, people spend a great deal of time working in the hope of advancing materially in life. They worry constantly about the assets that they acquire, what will happen if they go before they are ready. So, what can be done? We ask, what is a living trust?
A living trust is an arrangement under which one person called trustee holds legal title to property for another person called a beneficiary. It is simply a trust created while still alive rather than one that is created upon death. There are different kinds of living trusts and each can be helpful in different ways.