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Why Estate Planning? |
What are the advantages of a Living Trust?
A living trust has the following advantages:
- Probate Avoidance - Probate is the process by which title to assets owned in your name alone are transferred after your death. Probate may be expensive and time-consuming depending upon the value and type of assets in your estate. Placing assets in a living trust can avoid the expense and delays associated with probate proceedings.
- Privacy - When your estate goes through probate your will and other documents become public record. A living trust provides you with greater privacy because the trust provisions and assets in your estate are not subject to public disclosure.
- Proper Management of Assets - A living trust allows you to distribute your assets as you wish. A trustee can be appointed to take over management of your assets.
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