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living trust |
Also found in: Legal, Financial, Wikipedia | 0.01 sec. |
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A and E formed a revocable living trust in 1993, contributing their family home, household furnishings, a vacant lot, a money market account, bank accounts and monthly Social Security income. A living trust, also known as a Revocable Living Trust or a Family Trust, is a viable financial planning tool for anyone--not just the rich and famous. Chapters address why an estate plan is necessary, how to select, prepare for and sign a will, preparing and changing a living trust, preparing a designation of primary physician, organ donation form, or quitclaim deed, and much more. |
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