The Primary Purpose of Using a Living Trust Is to Avoid

question 60

True/False

The primary purpose of using a living trust is to avoid probate associated with using a will.

---

Definitions:

Commercial World

The realm of business and trade, encompassing activities, interests, and the community involved in the exchange of goods and services.

Globally Integrated

Refers to businesses or systems that are fully interconnected and operate seamlessly across international borders.

Merchandising Rights

Intellectual property rights pertaining to the use of a name, image, or character on commercial products.

Unauthorized Sales

Sales conducted without the legal or official permission from the rightful owner or authority.