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What Is a Trust, and Why Do I Need One?
The principal function of a revocable living trust is to avoid having to probate the assets that are titled in the trust at the time of your death, thereby saving your estate and heirs the considerable costs and delays of probating those assets. Your trust is not designed to avoid any estate, inheritance, income or other tax on those assets and the earnings thereon, which will remain the same as they would be if you owned those assets outright at the time of your death.
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