A Living Trust Is a Revocable Entity That Is Used

question 93

Short Answer

A living trust is a revocable entity that is used to avoid ____________________ proceedings upon the death of the grantor.

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Definitions:

Equivalent Job

A position that is similar in terms of job duties, responsibilities, and qualifications required to another job, often in regards to pay and status.

Routine Illnesses

Common or everyday sicknesses that are typically not serious and can be treated with standard medical care.

Income Inequality

The uneven distribution of income within a population, leading to a gap between the wealthiest and the poorest individuals or households.

Economic Homeless

Individuals or families who lack stable housing due to financial hardships, making them unable to afford regular and adequate shelter.