Home » Advantages of a Living Trust
Most people think of a living trust as a document that saves your family time and money by avoiding probate after death. While that is true, there are quite a few additional advantages to creating a living trust.
The Top 6 Advantages of a Living Trust
Some of the most common arguments made in favor of a living trust are as follows:
Living trust are also known as ?revocable trusts.? It is an entity created during a Grantor?s lifetime to hold assets, for the purpose of distributing them after the Grantor?s death. If at any time the Grantor decides they no longer want the trust, they have the right to revoke it. A trusts lawyer Phoenix, AZ recommends can tell you there are many benefits to having a living trust in place, ultimately it is up to you to decide what is best for you and your loved ones.
How do I make a living trust?
If you?ve decided a living trust is the right option for you, you will need to hire an attorney. Cheaper and online methods of creating a living trust do exist, but hiring a professional is the best way to ensure that: 1) your assets are truly protected, 2) the trust follows current law, and 3) that your wishes are carried out legally and correctly.
If you are looking to set up a living trust, give Kamper Estrada, LLP a call today. We offer free one-hour consultations with our experienced estate planning attorney.
Thanks to friends and contributors from Kamper Estrada LLP for their insight into bankruptcy.
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*Mark L. Scroggins is *board-certified in family law by the Texas Board of Legal Specialization. Unless otherwise noted, other attorneys are not *board-certified.
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