Find Out How a Living Trust Can Help Avoid Probate

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What is a Living Trust?

In a nutshell, a Living Trust is simply a legal document used to transfer ownership of a property or asset into a trust for your management, and outline how you want those assets distributed after your death. You can appoint yourself as the owner of that trust, and designate a successor trustee to manage that trust after your death.

Assets you fund into the living trust are safe from the time and money consuming proceedings of Probate. The court does not get involved in personal family matters, and the best part, a Living Trust remains private, unlike Probate, where some documents are public.

Advantages of a Living Trust:

  • Because assets are already in the Trust, Living Trusts help to reduce the fees and delays that accompany Probate
  • Living Trusts lessen the chances that someone might challenge the Will, thus keeping the asset in the hands of the family
  • In some cases, Living Trusts can help to reduce estate taxes

Unlike a Will, a Living Trust can start benefiting you before your death. You can transfer a substantial amount of your estate into that Living Trust to keep it out of Probate. In the event you become incapacitated, the Living Trust is there to manage your financial affairs, taking the financial burden off of your loved ones.

For more information on Living Trusts, download our free, no obligation report on Living Trusts: “Living Trusts: Calculating the Benefits.” Learn your options and contact an attorney to find out if a Living Trust is right for you.

You’ve heard about Wills. Now it’s time to learn about the other Estate Planning tool that effectively protects your assets so that you can pass it on easily to your heirs, stay in control and save time and money by avoiding Probate.

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Revocable Living Trust and Incapacity Planning

An inter vivos, or living trust can be either revocable or irrevocable. Both types have advantages and disadvantages. A revocable living trust does not provide some of the estate tax or asset protection advantages that an irrevocable trust provides. An advantage of a revocable living trust is the ability to make changes, amend, or even terminate th read more–>

Certified Elder Law Attorney by the National Elder Law Foundation. Estate Planning and Elder Law Attorneys and Counselors at Law, located in Stockbridge and Fayetteville, GA and serving business owners, individuals and families throughout the area, including Fulton County: Atlanta, Hapeville, Union City, Fairburn, Palmetto, College Park, East Point; Henry County: Stockbridge, McDonough, Hampton, Locust Grove; Fayette County: Fayetteville, Peachtree City, Brooks, Tyrone; Coweta County: Newnan, Sharpsburg, Senoia, Moreland, Granville; Clayton County: Forrest Park, Riverdale, Jonesboro, Lovejoy, Rex; Douglas County: Douglasville, Winston; Rockdale County: Conyers; Newton County: Covington, Mansfield; Spalding County: Griffin; Butts County: Jenkinsburg, Jackson, Flovilla