Estate Planning 101-H
CONTINUITY OF MANAGEMENT
Creating a living trust can furnish needed attention to your assets. A living trust permits you and/or your appointed trustee to take timely advantage of investment opportunities and, conversely, to dispose of investments no longer desirable.
With a living trust, you set up the machinery to provide a continuity of management at death and the immediate shift of income from yourself to your beneficiaries at your death. Your successor trustee is in place immediately without having to wait for court approval and can begin carrying out the instructions in the living trust almost immediately.