Business Administration

Tag: Probate

  • What is a Living Trust?

    What is a Living Trust?

    —

    by

    David J Hoare MSA
    in ,

    A tool in estate planning used to minimize probate costs upon the death of the grantor is the living trust. A Living Trust is created while the grantor is alive and typically is revocable in nature. It is designed to manage assets for the best interest of a beneficiary, usually the grantor.