A Living Trust is a Great
Estate Planning Tool

Find Out How a Living Trust is Critical to Preserving Your Estate

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How Does a Living Trust Work?

A Living Trust is a legal document that holds the title to the assets funded into it. The trustor transfers ownership of real assets into the Trust in a process called funding, and names beneficiaries of the Trust. When assets are transferred into a revocable Living Trust, the trustor does not lose control over the assets. The Living Trust can be revoked, or amended at anytime, and assets transferred.

The trustor can continue the management of the Living Trust, or appoint a trustee to takeover. Once the trustor has passed away, the successor trustee will start the process of dissolving the Trust based on the Trust document.

What is the Difference Between a Will and a Living Trust?

A Will must be considered valid by a Probate court in order for it to be effective. Probate is the court supervised process of executing the instructions in the Will. Once the validity of the Will is determined, the process of paying debt and distributing assets can begin. Debt and fees must be paid before assets are distributed. Probate can be very complex, and can tie up assets for several months, and even years, which means that the beneficiaries could be waiting for a long period of time before inheriting.

Unlike a Will, a Living Trust generally avoids Probate. The trustee does not need to take the Trust document to court in order to start dissolving the Trust. Beneficiaries of the Trust can start benefiting from the estate immediately.

A Living Trust is also a great way to keep your affairs private. A Will is vulnerable to bargain hunters because of public court records, whereas a Living Trust is not. A Living Trust can be dissolved out of court, and out of the public eye.

Advantages of Doing a Living Trust

Download your FREE report today. “Living Trusts: Calculating the Benefits” and find out more about the advantages a Living Trust has to offer, which include:

  • Making sure your assets are manage according to your instructions
  • Creating a plan that helps provides your beneficiaries with ongoing income
  • Privacy and benefits that Wills may not offer
  • And more

Download your FREE report today and start the process that can help you put together a Living Trust that you and your family can depend on.

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