living trust
living trust
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Definition(s):
- (n) a trust created and operating during the grantor's lifetime
Usage(s):
- Clearly, a revocable living trust may be a wise move for those able to fund itfor example, people who own their own businesses or substantial stockholdings.
- A living trust, as opposed to a will, allows heirs to avoid probate-court proceedings since the title is vested with a trustee rather than the individual.
- His solution may well be a kind of pilot trusta form of revocable living trust that is funded at his death by his life insurance proceeds and corporate benefits.
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incendiary
/ɪn ˈsɛn di ɛ ri /
/ɪn ˈsɛn di ɛ ri /