Archive for April, 2013

Living Trusts: Fact vs. Fiction

  • by admin on Apr 22, 2013
  • Posted on Our Blog
  • Comments Off on Living Trusts: Fact vs. Fiction

Living trusts do not relieve trustees of their duties. When a grantor of a living trust passes away, the language in the trust document will not magically “do all the work” for the successor trustee. While a successor trustee will usually not have to deal with probate, other responsibilities remain. Titles will need to be changed and appraisals may be necessary.