Living Trusts

Full Video Transcript

Like a will, a living trust is created while you’re still alive. But unlike a will, it operates both after your death and during your lifetime. You can set it up for a variety of reasons, and you can either designate a trustee to manage your property and other assets or keep as much control as you wish. The specific instructions, directions, or limitations set for the trust can vary widely, depending on your particular concerns. The bottom line is this: A living trust can be a valuable and flexible tool in your overall estate plan. For more information on living trusts, consult with an estate planning lawyer in your area today.