Living Trust Declaration

A Living Trust Declaration is a legal document where you create a trust during your lifetime, naming a trustee to manage your assets for your benefit. It allows you to specify how your property is handled both while you’re alive and after your death, often avoiding probate. This process can provide privacy, quicker asset transfer, and control over your estate. You retain ownership and control of your assets while alive, and the trust can be amended or revoked as your circumstances change. It’s a useful estate planning tool for managing and passing on property efficiently.