This is a Trust that becomes effective during the Settlor's lifetime, distinguishing it from a Will, which takes effect posthumously.
Once established, a Living Trust ensures that the Settlor’s Estate is managed precisely as per their expressed wishes.
The activation of the trust involves the comprehensive transfer of all assets by the Settlor into the Trust. This mechanism facilitates the efficient management and distribution of the Settlor’s assets.
Who needs this?
Do you have assets you would like to protect or do you want certain assets to be managed professionally on your behalf ?
This Trust type might be for you!
BENEFITS
- Streamlining the process by avoiding the complexities and costs associated with probate on estate assets.
- Safeguarding the legacy by constructing a trust that shields the Estate from mismanagement.
- Minimizing the likelihood of unforeseen adverse claims.
- Upholding privacy as the management of the trust remains strictly confidential.