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What is a deed of trust in West Virginia?

A West Virginia deed of trust transfers a borrowers real estate to a trustee to secure their financial obligation to a lender. The borrower is returned their property title upon repaying their debt to the lender.

Where is the best place to set up a trust?

Which state is best for your trust situs for your trust? According to independent rankings, the top states with the best trust laws are South Dakota trust law and Nevada in the US.

What is a living trust in WV?

A living trust in West Virginia allows you to keep your assets in trust during your life while you use and control them. After you die, the assets in the trust are distributed to your beneficiaries as per your instructions.

Is a trust better than a will in Virginia?

A will cant distribute assets unless there is a probate court. Thus, a trust saves taxpayers time and money in the long run. You can avoid probate in any state if you own property and have a trust. Virginia has a small estate procedure if you own under $50,000 worth of property in the state.

Who needs a trust instead of a will?

Deciding between a Will and a Trust depends on your circumstances; there are pros and cons of each. For example, a Trust can be used to avoid probate and reduce Estate Taxes, whereas a Will cannot.

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