Tomorrow provides a Living Trust (also called a Revocable Trust, Revocable Living Trust, or Trust Fund.) In simplest terms, a Living Trust is a legal document that defines what you want done with your assets and when you want those transfers (such as a large life insurance payout) to happen, in case you pass away. It also defines what to do with assets in the Trust if you become unable to manage your financial affairs while alive.
For more information about Trusts, take a look at our blog post.
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