10 REASONS TO eSTABLISH A LIVING TRUST
Avoid a lengthy probate process.
Avoid thousands of court fees.
Establish an estate.
Appoint a designated trustee.
Determine the distribution of your assets.
Designated assignee to make medical decisions.
Ability to access financial accounts.
Assign a trustee to children 18 years of age.
Include highly valuable assets (i.e. car, business, etc.)
Clarify detailed information on how assets will be handled.
Many people wait until it’s too late to establish a living trust, which leaves loved ones with unexpected responsibilities. There is also a misconception that a trust is established only when you purchase a home. A living trust does handle the affairs of your property once you pass, and it also establishes a plan for other valuable assets and decisions. A living trust also includes the appointing of a designated Trustee or Trustees to make medical decisions, access financial accounts, take care of other valuable assets, and in some cases appoints caregivers for family under the age of 18 years. A living trust can be a valuable decision and plan to support your family during a vulnerable and difficult time of life. A living trust gives you the ability to assure stability, protection, and direction to your family.