WHAT IS A LIVING TRUST
Generally
It is a special document, authorized by law, that allows you to protect
and control your assets and require your heirs to carry out all of your
instructions after your
death. A living trust puts you in complete control of your assets and allows
you to insure your wishes will be carried out after you die but eliminate
all the normal probate, attorneys fees, costs & expenses.
Eliminates Probate Costs and Attorney Fees
Unlike a will, a trust does not have to be probated. Therefore, you eliminate
probate, attorney fees, court costs, commissions, and other fees and expenses
that can take up to 25% or more of your life savings.
Privacy
Because it eliminates probate, your estate never goes to court and therefore
remains completely private.
Uncontestable
Because it never goes to court, a good living trust makes it very difficult
to contest your wishes and your distribution of your estate. Many people do
living
trusts just because they want to make sure that their wishes are not contested.
"Setting Up A Living Trust Will Save Money For Your Heirs By Avoiding Probate"
-Readers Digest
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