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ADVANTAGES OF A LIVING TRUST
FOR A SINGLE INDIVIDUAL
In California Beneficiary on insurance changed to trust Title of assets changed to trustee's name New trustee takes over, trust may or may not continue, federal estate tax if over $1,500,000 to $3,500,000, assets to trustee's choice Death of trust creator Trust creator is the trustee,
Can purchase and/or sell assets,
No trust tax return required,
Able to take out any funds, Revocable Living Trust,