A living trust becomes active the second it is complete and continues to apply after a person’s death. Each trust is a legal entity with rights and responsibilities of its own and trustees that administrate it.
One of the advantages of a living trust is that the trust is already the owner, and does not need to go to the probate court for supervision. Typically, the deceased was the trustee, and the power and responsibility transfers to the person or persons (trustees) they wanted to carry out their wishes.
Because a living trust springs to life when signed, it contains instructions that let a trustee make decisions in case the creator of the trust becomes unable to do so through death or incapacity.
For more information, please call 760-758-1565 or email firstname.lastname@example.org.