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A Living Trust Agreement is a sophisticated estate planning tool used in England and Wales to manage and protect assets during one's lifetime and beyond. It's particularly valuable for individuals seeking to maintain control over their assets while alive, ensure smooth asset transition upon death, and potentially minimize tax liability. The agreement details the trust's structure, trustee powers, beneficiary rights, and distribution terms. This document is essential for comprehensive estate planning, especially for those with substantial assets or complex family situations requiring careful management and distribution of wealth.
