Keep Your Family In Control
When you utilize a Living Trust there is never any loss of control to a costly, impersonal government process. It stays a private affair between the family, beneficiaries, and trustee of your choosing — and keeps control where it belongs – with the family – not the whims of the state and lawyers.
Maintain Your Privacy
In probate the entire affair — the Will, the size of the estate, the type of assets, how much they are worth, the beneficiaries, what they get, and everything else is public record for everyone in the world to see. In stark contrast a Living Trust is completely private.
Avoid High Probate Fees
Probate court means probate fees, which are based on the gross value of the estate (not the net). Additional extraordinary fees are also routinely charged. In fact, reliable statistics indicate that the total cost of probate averages between 8 and 10% of the gross
estate. (No debt deduction)
Facilitate Quick Settlement
Living trusts allow you to minimize lawyer involvement, keep the family in control and provide you the capability to quickly and easily settle and distribute the estate rather than forcing the family through a lengthy, bureaucratic and cumbersome probate.
Avoid Probate The Right Way
Any successful probate avoidance technique needs to also maintain maximum tax advantage and protection. It is there that Joint Tenancy and alternative probate avoidance techniques typically fail in such hidden and costly fashion. Assets passed through a Living Trust do not suffer these grave problems. Learn more!
Protect Immature Beneficiaries
No one likes the idea of an 18 year old squandering an inheritance — yet did you know that without a trust a teenager would take over full management of an inheritance the day they turned 18? A trust allows you to control the management and terms of distributions until beneficiaries reach the age you specify.
Beware of Living Trust Scams
Beware of numerous illegal, unethical, and illicit entities peddling living trusts under the guise of legitimacy. If it is not a law office your information is not confidential and it is an illegal operation (even if they state that a lawyer drafts your trust). Learn more!
Advance Health Directive
It is impossible to overemphasize how important it is for every person to complete an advance directive lest you risk even your spouse or closest loved one be denied the ability to help or provide input or receive any information or communication in a medical situation or emergency. Learn more!
Don’t Procrastinate — Get It Done!
Establishing a trust is relatively inexpensive, straightforward, and simple; getting caught without one is nightmarishly expensive and complex. For the sake of your family we urge everyone to take care of this important matter and avoid the common but mistaken tendency to put it off.