Living Trust Basics
Living Trusts: Calculating the Benefits
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You’ve spent a lifetime building your wealth. Now make sure that it goes to the people you want and not into messy and expensive court proceedings like Probate. With a Living Trust, you can ensure that your wishes for your property are met, and your family provided for.
Many believe that a Will is sufficient enough to carry these objectives out. But unlike a Will, a properly funded Living Trust can help avoid the cost of Probate, which can be an expensive, time consuming, court supervised process of paying your debt and distributing your assets. Typically, a percentage of your estate will be depleted by court and attorney fees.
So What Exactly is a Living Trust?
A Living Trust sets out guidelines for how your assets and properties will be divided at the point of your choosing. Living Trusts hold your assets, such as a house, or a bank account, until you relinquish it, or upon your death. Created while you are still living, usually with the help of an attorney, Living Trusts give you the power to manage your estate during your lifetime and after.
Though thinking about your own mortality is not easy, a properly executed Living Trust can give you some peace of mind knowing your family is taken care of in the sudden event of your death.
For more information on Living Trusts, download our free report, “Living Trusts, Calculating the Benefits.” A sneak peak of topics covered in this report:
We are dedicated to making sure this process is smooth and easy, and look forward to your call to start your Estate Planning when you are ready.