Setting Up Living Trusts

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1992-03-13
Authors
Harl, Neil
Harl, Neil
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Iowa State University Digital Repository
Abstract

The recent enthusiasm for setting up revocable living trusts is supported by two pluses — (1) a way to assure flexibility in management for property in those later years when individuals may not be in a good position to manage their assets and (2) an opportunity for some simplification in estate settlement. However, several factors of a technical or practical nature should be taken into account before the decision is made to establish a revocable living trust.

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