Orin creates a living trust to pass his assets,including stock in Petro Oil Company and other business investments,to his heirs.One advantage of this arrangement is that

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One advantage of a living trust is that assets can be transferred without going through probate, which can be a time-consuming and costly process. This can save time and money for the heirs, and also provide more privacy as the distribution of assets does not become public record.

Orin Creates a Living Trust to Pass His Assets,including Stock