A Living Trust is most often used to both manage your assets and designate how your estate will be distributed on your death. It's a flexible legal tool, and can be used for more than just estate planning; for example, you can design the Living Trust to provide you payments of income. As part of your estate plan, you can determine who will inherit your assets, designate a person to carry out your wishes and plan for the care for your children. A Living Trust can also be tailored to initiate a plan for the care of your finances and family should you have an accident or become ill.
Hosford Law Firm is the law firm Mississippi residents and business owners trust to protect the assets and their loved ones.