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

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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.