Understanding Trusts Your Guide to Asset Management











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🔍 What Is a Trust and Why Do Landowners Use Them? • A trust is like an empty bucket—but inside that bucket are the rules for how assets, like land, should be managed and distributed. When landowners set up a revocable trust, they typically remain in control as the trustee during their lifetime, making decisions about the land just as they would before. • So why put land into a trust? It provides better management options, especially in the event of death or incapacity. Trusts help ensure a smooth transition of ownership, avoiding probate and keeping affairs private. That’s why when you open a plat book, you see so many properties held in trusts! • Want to know if a trust is right for your land? Learn more @FarmLawyer • #EstatePlanning #Trusts #FarmSuccession #LandTrusts #AvoidProbate #FarmLawyer #WagnerOehler #TrustsExplained #AssetManagement #EstatePlanning #FinancialLiteracy #TrusteeDuties #RevocableTrusts #LegalEducation #WealthManagement #FinanceTips #AssetProtection #FarmingMatters #FarmLawyer

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