What You Need To Know
Introduction
Living trusts allow you to control who gets your assets after you die. However, there are many more reasons for creating a living trust. For instance, a living trust can help your beneficiaries avoid the expense and delay of probate. Probate can last as long as three years and can take up to 10% of your estate's value. A living trust can also provide you with more privacy than a will because you don't have to register it with the courts in probate. Living trusts can help avoid certain estate taxes if prepared properly. Finally, a living trust allows you to hand over management of your assets to someone else if you are unable to manage your assets yourself.
This Living Trust Law Library was created to answer most of your questions related to living trusts and to get you comfortable with what a living trust can do for you.
If you desire, EstateGuidance can assist you with forming a living trust. Simply answer a few questions online, and we will prepare all of the substantive legal documentation for you.
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