Tuesday, October 03, 2017

Revocable living trust

If you have a lot of assets and are worried about the trouble faced by your beneficiaries in getting probate of your will or in handling your assets, you can consider setting up a revocable living trust.

The advantage is that you are able to sort out the financial matters during your lifetime and they will continue after your demise with a successor trustee taking over the management of your trust.

My friend has created a living trust and explained the benefits to me.  I am now considering creating a revocable living trust.

You can find out more details of this legal arrangement here.
http://www.fisca.sg/ArticleDisplay.aspx?ID=515

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