Aside from ensuring that one has enough resources to provide for themself for the rest of their life, most people want to leave their loved ones in the best financial position upon their passing.

Better put, most people want to ensure that their estate can pass to their beneficiaries in the quickest, most cost-efficient manner.

Although there are many options when it comes to estate planning, one thing is clear; a living trust is the best option to accomplish this goal.

A living trust is a legal document that enables you to hold assets during your lifetime. Although a trust’s primary purpose is to manage your estate for your benefit during your lifetime, even upon your incapacity, a trust will also set forth how your assets will be administered and distributed upon your passing.

Import

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