What Is The Difference Between A Trust And A Living Trust? There is no difference between a trust and a living trust. … The person who manages the assets of a trust is called a trustee, who manages the assets based on the terms of the trust document. In estate planning, living trusts, also known
Is My Trust Still Valid If I Move To Another State? A revocable living trust isn’t subject to the same kind of rules as a will; it should be valid in any state, no matter where you signed it. … If you acquire real estate in your new state, you’ll probably want to hold it
Can Health Care Cost Be Taken From A Living Trust? There are some trusts that may be able to save your assets from medical bills, however. If you put the money or assets in an irrevocable trust, then the money cannot be used for any lawsuits or medical bills. What is the downside of a