What are some benefits to having a living trust?
- Avoids probate at death, including multiple probates if you own property in other states
- Can control who gets your property and how they get it
- Provides maximum privacy
- Quicker distribution of assets to beneficiaries
- Can reduce or eliminate estate taxes
- Inexpensive, easy to set up and maintain
- Can be changed or cancelled at any time
- More difficult to contest
- Can protect dependents with special needs
- Prevents unintentional disinheriting and other problems of joint ownership
- Peace of mind
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