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Avoiding Probate With a Living Trust Doesn’t Mean Avoiding Trust Administration

trust administration living trust

Creating a living trust is one of the most effective ways to set up the smooth transfer of assets from one generation to another, avoid the time and cost of the probate administration process, and eliminate or reduce certain tax burdens. Setting up a living trust, however, doesn’t avoid the process of trust administration.   But what exactly is trust administration? Broadly speaking, it’s the process by which the assets of a trust […]

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