What is a living trust?
An example of an AI chatbot conversation about living trusts and their benefits.
What is a living trust?
A living trust is a legal document that places your assets into a trust for your benefit during your lifetime.
What are the benefits of having a living trust?
Some benefits include avoiding probate, maintaining privacy, and providing for your family in case of incapacity.
How does a living trust differ from a will?
A living trust takes effect during your lifetime and can manage your assets, while a will only takes effect after death.
Can I change my living trust after it's created?
Yes, you can modify or revoke your living trust at any time as long as you are mentally competent.
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