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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.
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.
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.
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.
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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With that said, revocable trusts, irrevocable trusts, and asset protection trusts are among some of the most common types to consider.
West Virginia uses the Deed of Trust almost exclusively. Mortgages have largely disappeared. Trustee to commence foreclosure proceedings. West Virginia state law requires that the Trustee conducting the sale be a West Virginia resident.
The main difference is that a will is simply a set of instructions about the distribution of your assets to be implemented after your death, whereas a trust allows your or someone designated by you as a legal representative to use your wealth according to your instructions even while you are alive.
A deed of trust may convey both real property or some interest therein and personal property or only real property or some interest therein or only personal property in order to secure a debt.
A trust is traditionally used for minimizing estate taxes and can offer other benefits as part of a well-crafted estate plan. A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries.

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