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John Bullis: Which type of trust is best for you?

There are many different types of trusts. If you meet with an estate planning attorney, you will be more likely to choose the type of trust that best meets your goals, desires and situation. The most popular trust is a grantor (also known as living) trust. That is a title holding type trust that does not have the court overview and administration — it avoids probate. You can put items into the grantor trust or pull them out. You can easily change the distributions to beneficiaries and, if you like, even revoke the trust.


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