Living Trust Preparation Assistance

Submitted by superadmin on Thu, 12/29/2022 - 11:51pm
Definition
Programs that provide assistance for people who want to prepare a living trust which transfers all or some of their assets to a trustee who manages those assets during their lifetime according to written instructions, names someone to take responsibility for the assets should the individual become disabled, and distributes the assets according to the individual's wishes without the need for probate at the time of his or her death. Most people serve as the trustees of their own living trusts, naming a successor should they become disabled, and most living trusts are revocable.
URL Name
FT-2700-8600-450
Third Level Code
FT-2700
Taxonomy Code
FT-2700.8600-450
Parent Code
FT-2700.8600
Family Code
F
Second Level Code
FT
Fifth Level Code
FT-2700-8600-450
Fourth Level Code
FT-2700-8600
Use References
Intervivos Trusts
Publication Status
Draft