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TRUSTS
- BY THE AMERICAN LEGAL REVIEW, THE PREMIER ONLINE RESOURCE FOR LEGAL INFORMATION AND THE EVALUATION OF LEGAL PRODUCTS AND SERVICES
A Trust allows you to legally decide two important issues regarding your wealth: how you want your assets and property managed while you are alive, and how you want your assets and property distributed after your death.
There are three main types of Trusts: a Joint Trust, a Single Trust or an A/B Trust. Typically called a Living Trust, these types of asset management structures can provide for the distribution of property upon your death, just like a Will. But a Living Trust is more effective in many ways: a Will only takes effect upon death, while a Revocable Living Trust provides the same ability to determine asset distribution upon death AND provides a tool for protecting and managing property and assets during your lifetime!
Below are some Trust products and services examined by the American Legal Review:
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