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Discuss the Advantages of Using a Living Trust Instead of a Will

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Essay

Discuss the advantages of using a living trust instead of a will to distribute properties after a person's death.


Definitions:

Percent Equivalent

A value expressed as a percentage that represents a fraction of 100, indicating a part of a whole in percentage terms.

Terminating Decimal

A numerical value expressed in the decimal system with a limited number of digits following the decimal point.

Five-Figure Accuracy

Precision to five significant digits in a numerical value or measurement.

Terminating Decimal

A decimal featuring a specific, countable number of digits beyond the decimal point.

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