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What is a revocable trust in Nebraska?

The Nebraska revocable living trust form is a legal document that places the Grantors assets into a trust. They will continue to benefit from said assets until their death or incapacitation at which point the estate will be distributed to named Beneficiaries.

What is a living trust in Nebraska?

A living trust in Nebraska allows you as the grantor to place your assets into the ownership of a trust. You select a trustee who manages the assets for your benefit during your lifetime. Most people select themselves as trustee, but you can choose anyone.

What is the point of a trust account?

A trust account is a legal arrangement through which funds or assets are held by a third party (the trustee) for the benefit of another party (the beneficiary). The beneficiary may be an individual or a group. The creator of the trust is known as a grantor or settlor.

Will or living trust in Nebraska?

A Nebraska living trust allows your heirs to receive your estate without the delay or interference of the court. A will, on the other hand, must go through probate before your estate can be distributed. But a Nebraska living trust isnt for everyone. Read on to find out who it does and doesnt make sense for.