Living Trust
A Living Trust is similar to a Will with control over who gets your property after your death. Its primary benefit is that your beneficiaries have fewer expenses and delay in probating the assets transferred to the Trust before you die. Probate is the court-directed process of distributing a person's assets and possessions after death, governing state distributions according to Will instructions and state laws of intestate succession.
At death, most properties pass through probate before inheritance. People prepare a Living Trust to avoid probate.
Assistance in Living Trust Documentation
With a Living Trust, ownership of your assets is transferred to the trustee, and then to your designated beneficiaries upon your death. In addition, if you become incapacitated or no longer want to manage your Trust assets, your named successor Will take over the management for your benefit and then distribute them by your wishes upon your death.
For more information about creating a Living Trust, contact our experts.
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