Living Trusts

A living trust is a legal arrangement where a person (the grantor) transfers their assets into a trust while they are still alive. This allows them to maintain control over the assets and manage them during their lifetime. Upon the grantor's death, the assets pass directly to the designated beneficiaries without going through probate, which can simplify the process and save time and costs. Living trusts can provide privacy and flexibility in managing assets and are often used in estate planning to ensure a smoother transfer of wealth.