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A Quick Guide to Living Trusts

A living trust can be a great option to ensure your assets are dispersed exactly as you want them to be in the event of your death.  While it does not exactly replace a will, it is a tool that can save you money in the long run.  There are several different types of living trusts.  While you do not need a lawyer to develop a trust, it may not be a bad idea to hire one.

The Benefits of a Living Trust

One of the greatest upsides to a living trust is the complete circumvention of probate court.  You do not have to worry about a court deciding what to do with your assets.  In addition, with other options such as a will, there is always the chance that a friend or family member will contest for your assets.  A living will can protect you from that.

Second, but not least, it can be cheaper.  The execution of a living trust upon death should not cost much because it does not require a court or attorneys.

Do I Owe The Trustee In Bankruptcy Anything?

There are many players on the bankruptcy field, and understanding the role of each one will help you understand the process better. The Court Clerk is the entity where your case is filed, and it is the Clerk’s office that sends out notice of your filing to all of your