What are the benefits of a living trust?

What are the benefits of a living trust?

A living trust can help you avoid probate, maintain privacy, and manage your assets during incapacity.

How does it differ from a will?

Unlike a will, a living trust takes effect during your lifetime and can manage your assets if you become incapacitated.

Are there any tax benefits?

While a living trust doesn't provide direct tax benefits, it can help in estate planning and potentially reduce estate taxes.

Can I change my living trust after it's created?

Yes, you can modify or revoke your living trust at any time as long as you are mentally competent.

What happens to the trust when I pass away?

Upon your death, the assets in the living trust are distributed according to your instructions without going through probate.