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Memorandum of trust template

Memorandum of trust pdf 2025

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The document discusses the importance of estate planning, particularly highlighting the advantages of a Living Trust over a traditional will. It explains that a Living Trust can help avoid costly probate proceedings, maintain privacy in asset distribution, and provide quicker access to assets for beneficiaries. The document also notes that while a Living Trust may have higher initial drafting costs, its benefits often outweigh these costs. Additionally, it emphasizes that a Living Trust does not replace a will but works alongside it to ensure all assets are properly managed and transferred.

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