What is a Loving Trust?
A Loving Trust is a legal document that allows you to make instructions about the management and control of your property while you are alive and the distribution of your estate after your death. The people or persons who carry out these instructions are called trustees. The people who benefit from your Loving Trust are called beneficiaries. However, these positions are not filled by strangers. In all probability, you and your family will be names as the trustee and the beneficiaries of your Loving Trust. Once your Loving Trust is created, title to all your assets must be transferred to it. You will transfer all your real estate, your stocks, bonds, and mutual funds. You will transfer your limited partnership and business interests. You will transfer your bank accounts, Certificates of Deposit (CD’s) and even your furniture and personal effects will have the title changes into the name of your Loving Trust. When this process is complete, you, as an individual, will no longer technicall
