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People often hear things about living trusts from friends, family members and the media, and just assume they are true without taking the time to check them out. Here are some common misconceptions—and the facts.

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What good does it do to build a business if you never know how much is enough, what it will take to sell it, what it will take to keep it running after you retire, how it will provide your retirement, or even what it is worth right now while you are still in charge?

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