IN SIMPLE TERMS – HOW DOES A LIVING TRUST WORK?

If you own real estate or other valuable assets you may have heard that you should set up a living trust. The most common reason for having a living trust is that real property, cash, and other kinds of property can avoid going through an expensive and time consuming probate. It can also be a way of protecting vulnerable people, pets, spendthrifts, public benefit recipients, children, and accomplish other purposes. That all sounds great, but…