Trusts are often used in estate planning to take advantage of favorable tax treatment to place conditions on the use or distribution of assets or to allow the heirs to take possession of assets without a probate proceeding the trustee holds the assets in a fiduciary capacity. Using trusts in estate planning you can establish a trust that takes effect during your lifetime or upon your death either way trusts can be used to accomplish a number of estate planning goals. Wills and trusts are both estate planning tools that can help ensure your assets are protected and bequeathed to your heirs besides your spouse which is generally not an issue. Although livings trusts have more upfront costs they can be more affordable than wills and probate in the long run a lot of estate planning lawyers have paid for their luxurious lifestyles by
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