Info about the living trust

A trust can seem like a mysterious creature, dreamed up by lawyers and wrapped in legal Jargon. Trusts were an invention of medieval England, used as a method to evade restrictions on ownership and inheritance of land. Don’t let the word “trust” scare you. True, the word can have an impressive, slightly ominous sound. Historically, monopolists used trusts to dominate entire industries (for example, the Standard Oil Trust in the era of Teddy Roosevelt’s “trust-busting”). And trusts have traditionally been used by the very wealthy to preserve their riches from generation to generation. (Indeed, isn’t one version of the American dream to be the beneficiary of your very own trust fund?) But happily, the types of living trusts this book covers aren’t complicated or beyond the reach of ordinary folks. Here are the basics.