Are you learning the difference between a living trust and a probate real estate sale, knowing the difference , makes all the difference!
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A living trust is a legal entity created during one’s lifetime to hold assets for the benefit of beneficiaries, helping to avoid probate. Probate real estate refers to property that goes through the court-supervised process of probate after the owner passes away, often resulting in delays (3-6 months) and added costs. In essence, a living trust helps avoid probate for real estate and other assets, ensuring a smoother transfer to beneficiaries.
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