The Six Reasons You Need A Living Trust

What is a Living Trust?

A legal document that transfers assets to a beneficiary after the trust creator's death.

What is the difference between a trust and a will?

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A will directs probate.

A trust avoids probate.

A will directs probate.

A trust avoids probate.

#1 Reason to have a trust.

A trust avoids probate. Avoiding probate helps save time and money.

Reason #2: Trusts ensure privacy.

Since a trust avoids probate, there is no public court process.

Reason #3: Living Trusts Protect Minors.

A trust can direct how to distribute assets to someone under age 18.

Reason #4:  Trusts can Protect Adults.

Not all adults are capable of managing finances on their own.

Reason #5: Trusts can keep assets in the family.

Reason #6:  A Trust can decrease estate taxes.

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