We’re finding the number one reason for the living trust is so that your loved ones don’t have to deal with courts and attorneys. If you don’t have a living trust, chances are your loved ones will have to go through the court procedure called “Probate.” Sure, probate is costly and time-consuming and a violation of your privacy, but the biggest problem is that you are subjecting the people you love to going to court and dealing with attorneys. And if you have property in more than one state, there may be multiple probates. So for most people the solution is a living trust (protects all assets titled in the trust from probate and guardianship) with a pour-over will (probates assets you neglected to put into the living trust), a health care document (says who will make health care decisions if you can’t) and a springing power of attorney for assets (says who will handle non-trust assets like retirement plans if you become incapacitated). Use a living trust to avoid probate. Where there’s a will…there is a probate! Don’t make your loved ones go through it!
Make it easy for your family
Categories:
Related Post
Video: Estate Planning Documents ExplainedVideo: Estate Planning Documents Explained
Estate Planning Documents Explained Why do you need a Will or Trust? No Will or Trust? It is important to use estate planning tools so that your family does
The New Estate Tax Exemption 2025The New Estate Tax Exemption 2025
The federal estate tax exemption amount is $13,990,000 (2025) for individuals and double that for married couples! This number is projected to fall in 2026 back to $7,000,000. This means
Death Check listDeath Check list
Here is a list of what to do when your loved one passes away. If this is not an emergency situation, sit back, take your time, there is no