Understanding the Benefits of a Living Trust
Living trusts are an important part of estate planning, and they can provide many benefits for seniors who live on a fixed income. A living trust is a legal document that allows you to transfer ownership of your assets to another person or entity while you are still alive. It can be used to protect your assets from creditors, avoid probate court, and ensure that your wishes are followed after you pass away. For seniors who live on a fixed income, understanding the benefits of a living trust can help them make informed decisions about their estate planning. Here are