What Is A Family Trust And How Does It Work?

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A family trust, is also known as a living trust or a revocable living trust, and is a legal document that permits the person who prepares it or has it prepared to make changes to it at will. This kind of trust covers how a person’s assets are managed before and after death. These arrangements can include anything from beneficiaries to real estate and cash allocations. [Read more…]

What Is The Difference Between A Trust And An Inheritance?

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The main difference between a trust and an inheritance is that a trust is an arrangement that holds property or assets for beneficiaries for a stated length of time and, in occasionally in some instances, for an indefinite period. In comparison, beneficiaries of an inheritance are able to have actual possession and control of a property or assets at the same time that they inherit. [Read more…]