A living trust can play a valuable role in your overall estate planning strategy. By using a living trust, you can avoid the time-consuming and expensive probate process, and designating a trustee helps ensure that the assets in the trust are distributed responsibly and in accordance with your wishes when you are gone.
A living trust may make sense for your estate plan, as long as it is set up correctly. Unfortunately, many people make errors when transferring assets into a living trust, and those mistakes can be costly in the long run. This Kiplinger article explains when you may want to consider a living trust and explains which assets to transfer to the trust—and which ones to avoid.
Click here to read the article.
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