What is a Living Trust?
Many people fear creating trusts because they think they will lose control of their assets. In the case of a Revocable Living Trust, nothing could be further from the truth. As its name suggests, a Revocable Living Trust is flexible and can be dissolved at any time should your circumstances or intentions change. You can name yourself trustee (or co-trustee), but make provisions for a successor trustee to manage them in the event of your incapacity or passing.
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Non-deposit products and services through First Mid Wealth Management | |||
Are Not FDIC Insured | Are Not Bank Deposits | Are Not Guaranteed | May Lose Value |
