Trusts are powerful planning tools that enable you to avoid probate, plan long term for your family’s future success, and possibly save on estate taxes, or even qualify you or your spouse for Medi-Cal or VA benefits.
There are many different types of trusts, and even inside a “basic” revocable living trust there are many differences. Differences that may not be apparent to you when you look at a trust, but that become glaringly apparent for your surviving spouse or children.
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