Benefits of a Living Trust

There are many benefits to creating a living trust. Here are the top 15 reasons why creating a living trust could benefit you:

1. Avoids probate at death; include multiple probates, if you own other property in another state

2. Provides maximum privacy

3. Reduces or completely eliminate estate taxes

4. Prevents court control of assets if you become incapacitated

5. Combines all of your assets under one plan

6. Distribution of assets to beneficiaries is faster

7. Assets can remain in trust until you want beneficiaries to inherit

8. Living trusts are inexpensive, simple to set up and easy to maintain

9. It is not permanent – It can be changed or canceled at any time

10. It is difficult to contest

11. Prevents court control of minors' inheritance

12. Management from a professional

13. Protect dependents with special needs

14. Prevents unintentional inheriting

15. Gives you peace of mind