Mistakes To Avoid When Setting Up A Living Trust
A living trust enables your family to avoid probate and the inconvenience involved with lengthy court proceedings. With a living trust, your assets are included in one document and managed by a trustee. Here are some mistakes you should avoid with a living trust. Combining Trusts with Bank Accounts A properly set up trust puts some funds aside for the benefit of your family. One mistake people make is setting up a trust and then frequently withdrawing funds for living expenses.