What Are Living Trust Scams
What Are Living Trust Scams A. Living Trusts As you know, a living trust is a legal arrangement where a person, called the “grantor,” places his assets into a trust during his lifetime. The trust is administered by a “trustee” for the benefit of the trust’s beneficiaries. The grantor may be a trustee and a beneficiary of the trust. Living trusts are a widely recognized and legitimate estate planning device. Because assets transferred to the trust are no longer owned by the grantor, at the grantor’s death, the assets are not part of the grantor’s estate and do not have...