What are the benefits of a living trust?
An example of an AI chatbot conversation about the advantages 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 help avoid probate?
Since assets in a living trust are not considered part of your estate, they don't go through the probate process.
Are there any tax benefits?
A living trust doesn't provide tax benefits during your lifetime, but it can help with estate tax planning.
Can I change the trust after I create it?
Yes, you can modify or revoke a living trust at any time while you're alive and competent.
What happens to the trust when I pass away?
Upon your death, the assets in the trust are distributed according to your instructions without going through probate.
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