|
The Benefits of a Trust
Why are so many people choosing a Living Trust over a Will?
-
Avoids all the probate and related expenses, both emotionally and financially
-
Reduce federal estate taxes
-
Prevents court ordered conservatorship when you're physically or mentally incapable
-
Privacy, completely private, not public record
-
Low cost, easy to set up and maintain
-
Grants protection of minor children from court imposed guardianship
-
Allows you to keep control, even at loss of identity or after your death
-
Can protect people with special needs
-
Eliminates the problem of joint conservatorship with children
-
Prevents impouding of your assets
-
Completely changeable, can be updated or cancelled at any time
-
Allows disinheriting
-
Effective prenuptial protection
Other benefits of a living trust over a will are:
Provide for a disabled child
If you have a disabled child, you can provide for them without jeopardizing their state disability
Delay or regulate distributions
If you feel a beneficiary is drug or alcohol addicted, too immature to handle money, you can protect them by this procedure. You can also set up distributions requiring accomplishments and goals. Example: Completing college in 4 years, GPA of 2.5 or better and stay drug free.
Disinherit a child
You can disinherit a child with little concern of contest
Privacy
Trusts are private documents with no public access.
Contest
Trusts are not probated. It cannot be contested. Upon your death it becomes irrevocable.
Back to Previous Page
|