A Living Trust is one of the most common and easiest ways to pass assets on to loved ones (and avoid financial disasters). We will discuss the many benefits of Living Trusts. This article is for you to consider when choosing the right Estate Planning option for you and your family.
- Avoid Probate Court
A Living Trust is a Trust that has the potential to provide many benefits. A Living Trust has the greatest advantage: unlike a Last Will and Testament, you can avoid Probate Court.
- All of Your Financial and Personal Matters Remain Private
There is usually no Probate Court process for Living Trusts. This means that you don’t need to make public your assets and personal wishes. A Last Will and Testament and their contents, on the other hand, are made public by Probate Court. The contents of the transfer remain private because the Trust does not require Probate. Most transfers are completed in our office within a few weeks.
- You Maintain Control Of Your Finances After You Pass Away
A Living Trust can help you protect your family even after your death. You can delay distributions until your children graduate or reach a certain age. Ensure that money is not given to creditors or ex-spouses; and make sure special needs children continue to be eligible for benefits.
This article was written by Alla Tenina. Alla is one of the best bankruptcy attorneys in Los Angeles CA, and the founder of Tenina law. She has experience in bankruptcies, real estate planning, and complex tax matters. The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the ABA and its members do not recommend or endorse the contents of the third-party sites.