Reasons To Have A Living Trust

Here are some reasons to have a Living Trust instead of a Will

§  A revocable living trust is private while probating a will is public.

§  Living trusts are easy to make and maintain

§  You can give what you own to whom you want and when you want   subsequent to your death through the use of a revocable living trust.

§  A revocable living trust can control, coordinate, and distribute all your property interests while you are alive as well as on your death.

§  By using a revocable living trust, you can arrange for your well-being under your terms as you advance in years, become ill, or become mentally incompetent.

§  The use of a revocable living trust assures that your plans and affairs will remain private, rather than being made public, on your death or incapacity.

§  It is not difficult for you to change or amend your revocable living trust at any time during your lifetime.

§  There are no adverse lifetime income tax consequences that result form the use of a revocable living trust.

§  Property that has been placed in a revocable living trust during your lifetime is not subject to and does not pass through the probate process on your death; it is probate free.

§  Opportunities of gift and estate tax planning available through will planning are equally available through the use of a revocable living trust.

§  Continuity of cash flow and investments in your portfolio can continue uninterrupted by your death.

§  Revocable living trusts are legal in every state.  Your trust can easily be moved with you as you cross state lines.

§  By using a revocable living trust, you can measure your post death trustees’ abilities to manage your assets while you are alive.

§  Revocable living trusts are more difficult to attack in court, and usually less successfully attacked, by disgruntled beneficiaries than are wills.