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Synonyms for «living trust»

A living trust is a legal arrangement where you transfer your assets, like property or money, into a trust during your lifetime. The trust is managed by a trustee, who can be you or someone else. The purpose is to ensure that your assets are protected and can be distributed to your loved ones after your death, without going through the process of probate. Full definition
Similar and related words and phrases are presented below.

«living»

life lifetime legacy estate land death care family legal property ownership investment insurance loan financial limited written probate loved landlord management term individual income deceased personal joint traditional voluntary licensed liability long large good public investing charitable endowment whole real great private testamentary fiduciary pension special last case local education

«trust»

trustee fund gift relationship transfer law tax contract services policy clients interest account partnership people agreement beneficiary community protection grant guardian assets security guardianship bequest documents power deed benefit settlement ones foundation wealth place respect wills bond issues planning executor attorney lease building confidence lot inheritance testament lawyer future

Related phrases

Phrases with «living trust»

Sentences with «living trust»

  • The other two drawers obtain copies of living trusts, check records, extra checks, Information on assets, etc.. (aaii.com)
  • If you and your spouse are planning a will or living trust as a married couple, it may be difficult to know where to start. (rocketlawyer.com)
  • The important thing to know is that powers of attorney work hand in hand with living trust planning and should be carefully considered for this reason. (insuranceandestates.com)
  • (see all sentences)

See also

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