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Money and accounts

What is a living trust and does it help me now?

Short answer

A living trust lets assets pass to beneficiaries without probate. If they had one, a successor trustee — named in the trust — takes over and distributes assets. Find the trust document and contact an estate attorney if you are not sure…

What this usually means

A living trust lets assets pass to beneficiaries without probate. If they had one, a successor trustee — named in the trust — takes over and distributes assets. Find the trust document and contact an estate attorney if you are not sure what it says.

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