What Is A Trust?

The term “Living Trust” is almost a misnomer. While it is certainly a legal document that is written during a person’s lifetime, it typically only deals with death related issues. A traditional living trust is created for the express purpose of managing the dispersal of property and saving money in taxes upon one’s death. Sometimes known by attorneys as an inter vivos trust, a living trust should also protect the estate from probate proceedings.

Properly designed, a living trust can do all this plus 1) protect financial privacy, 2) strengthen protections against fraud and misappropriation of savings, and 3) provide protections and guidelines if one is incapacitated. The very best trusts, as designed by Advanced Legal Planning, LLC can do all this plus extend these benefits and protections beyond your lifetime to your children and grandchildren.

Unfortunately, not all attorneys provide for each of these areas.  For more information click “Why Your Trust Won’t Protect You.”