living trust Antonyms
No Synonyms and anytonyms found
Meaning of living trust
Wordnet
living trust (n)
a trust created and operating during the grantor's lifetime
living trust Sentence Examples
- The living trust, established by the late patriarch, ensures that his assets are distributed according to his final wishes.
- By establishing a living trust, the elderly couple sought to protect their home and financial assets.
- The living trust, carefully crafted with the help of an attorney, set forth clear instructions for the management and distribution of the grantor's property.
- The creation of a living trust allowed the entrepreneur to retain control of their assets while ensuring their smooth transfer upon their passing.
- The living trust serves as a legal framework for managing and distributing the grantor's assets during their lifetime and after their death.
- Placing assets into a living trust can provide both financial and estate planning benefits, reducing the need for probate and minimizing potential legal disputes.
- A properly drafted living trust can help minimize estate taxes and ensure the timely distribution of assets to the designated beneficiaries.
- The living trust allows the grantor to designate a trustee, who has the responsibility of managing and distributing the trust assets according to the grantor's instructions.
- By establishing a living trust, the grantor can maintain control over their assets and make changes as their circumstances or wishes evolve.
- The living trust, a versatile estate planning tool, offers flexibility in asset management and provides peace of mind to the grantor and their loved ones.
FAQs About the word living trust
a trust created and operating during the grantor's lifetime
No synonyms found.
No antonyms found.
The living trust, established by the late patriarch, ensures that his assets are distributed according to his final wishes.
By establishing a living trust, the elderly couple sought to protect their home and financial assets.
The living trust, carefully crafted with the help of an attorney, set forth clear instructions for the management and distribution of the grantor's property.
The creation of a living trust allowed the entrepreneur to retain control of their assets while ensuring their smooth transfer upon their passing.
