If you have been unfortunate enough to have purchased a quick, one-size-fits-all living trust form, you should understand what you really have. Typically, these “bare bones” living trusts, as they are often referred, are sold as a technique for avoiding probate.
However, there can be major problems with simply filling in these forms and tucking them away. This article will tell you what you need to know about bare bones living trusts.
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