A living trust is an arrangement in which a person can hold legal title for property. This person can be the actual owner of the property, or someone they know and trust. The holder of the legal title is considered the trustee. The reason why a living trust is used over a will, in some cases, is because a will causes the property to go through probate, which gets the court and legal system involved.
Hoyt & Stanford know how to draft complex living trusts to ensure that your estate get distributed correctly.
Revocable Inter Vivos Trust
Particular devices such as Revocable Inter Vivos Trust also known as Living Trusts are utilized as they have current tax advantages and probate expense, and privacy advantages.
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