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Differences Between Living Trusts and Wills. Many people do both the lpa. Will and the living trust especially when dealing with young ones. This is the case where the owner leaves the property under the care of an adult guardian until the children are of a certain age which will allow them to get the ownership. That in a will the assets have to be frozen until all the settlements have been made unlike the living trust which requires no freeze if the trust is well funded.
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