A living trust can provide property benefits to the trustor and their beneficiaries. It has become a popular way of holding title to real property. When it comes to insuring a living trust, there are certain requirements that the trust must meet. Find out more about living trust and what will be needed to insure them.
Creating a Trust.
A trust is essentially an agreement. The trustor agrees to give the trustee access to designated assets of the trustor, including allowing the trustee to hold a property’s title, to benefit the trustor’s beneficiaries. The benefit of a living trust allows for the holding of title to real property.