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Benefits
Of A Living Trust
Who should have a living trust? Age, marital status and wealth do
not really matter. If you own titled assets and want your loved ones
(spouse, children or parents) to avoid court interference at your
death or incapacity, consider a living trust. You may also want to
encourage other family members to have one so you will not have to
deal with the courts at their incapacities or deaths.
- Avoids 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 minor's 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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