Living Trust

Sometimes called an Inter Vivos trust, a type of trust created by the owner of the subject property during the lifetime of that owner. The two basic types of living trusts are the Irrevocable trust and the Revocable trust. The chief advantages of the living trust are that they provide for automatic transfer of property upon death of the owner while avoiding the cost and delay of probate. For more information, see the "Real Estate Trusts" article in the "Real Estate In-Depth" section.

Was this article helpful?

0 0
Real Estate Planning And Prosperity

Real Estate Planning And Prosperity

Entrepreneurs go against the flow. You've a business idea. Lots of individuals have business themes. The difference is that you, the entrepreneur, take action. Realty investors are the same.

Get My Free Ebook

Post a comment