Writing a Living Trust to Avoid Probate

If you want to allow your family to avoid probate whenever your estate passes to them, you might want to consider writing a living trust. Here are a few things to consider about using a living trust to avoid probate.

Living Trust

Unlike other types of trusts, the living trust is a legal entity that will take effect while you are still alive. This type of trust is going to allow you to maintain use of the assets in the trust while you are living. Then, whenever you pass away the assets that are in the possession of the trust are going to go to the beneficiaries that you designate. When you utilize a living trust, your beneficiaries are not going to have to go through probate. This means that they can avoid the costly and time-consuming process that is typically involved with going to probate court.

Setting up a Living Trust

In order to set up a living trust, you are going to have to employ the services of an estate planning lawyer. They will be able to guide you through the process of setting up a living trust successfully. Otherwise, the trust documents might not be set up correctly and they will not hold up if the estate was ever contested in court.

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