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What is a Living Trust? PDF Print E-mail

Living Trust is a Trust that being established during lifetime of the Settlor. The assets being used for Living Trust do not form part of the Estate and will not be frozen upon death of the Settlor.
The assets set for the Living Trust are not subject to creditor’s claim. Trust is specifically set up for distributing the Trust Property to beneficiaries regardless the Settlor is demised or not.


                                          Assets
 
Assets Frozen Upon Death                      Assets transferred to Trust during Lifetime
Will Written                                          Assets NOT FROZEN upon death
Apply Grant of Probate                           Distribution of Assets
Managing Estate
Distribution Estate

 

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