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Benefits of a Living Trust
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| Click to see Advantages of a Revocable Living Trust over a Will |
- Avoid
probate at death, including multiple probates if you own
property in other states
- Prevents
court control of assets at incapacity
- Brings all
your assets together under one plan
- Provides
maximum privacy
- Quicker
distribution of assets to beneficiaries
- Assets can remain in
trust until you want beneficiaries to inherit
- Can reduce
or eliminate estate taxes
- Inexpensive,
easy to set up and maintain
- Can
be changed or cancelled at any time
- Difficult to
contest
- Prevents court control of
minors’ inheritances
- Can protect dependents with special needs
- Prevents unintentional
disinheriting and other
problems of joint ownership
- Professional management with corporate trustee
- Peace of mind
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