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There are a number of benefits of a living trust, including:

  • Assets do not have to go through probate proceedings to pass to heirs
  • Trusts can be confidential, whereas Wills must be publicized when they pass through probate
  • Individuals have maximum control over their estates
  • Living Trusts can reduce or even prevent estate taxes in many situations
  • Trusts enable an individual to name a trustee who can make decisions about assets in the event of mental or physical incapacitation
  • Assets placed in trust can in many cases be protected from creditors and legal actions
  • You can easily amend your provisions with a simple Living Trust Amendment document

You can easily create a Living Trust or Joint Living Trust for free at RocketLawyer.com

 

This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.


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