Living Trust FAQ
An introduction to living trusts -- a popular way to avoid probate.
What is a living trust?
Why should I make a living trust?
How does a living trust avoid probate?
Is it expensive to create a living trust?
Is it a hassle to hold property in a living trust?
» Is a living trust document ever made public, like a will?
Does a living trust protect property from creditors?
If I make a living trust, do I still need a will?
Can a living trust reduce estate taxes?
Is a living trust document ever made public, like a will?
No. A will becomes a matter of public record when it is submitted to a probate court, as do all the other documents associated with probate -- inventories of the deceased person's assets and debts, for example. The terms of a living trust, however, need not be made public.
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