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The Living Trust
If you, like most citizens, can't stand the idea of having to go through probate, then a living trust takes on a much greater importance. While avoiding probate is one of the leading benefits of having a living trust, there are many more factors at work. There are a variety of great reasons to have a living trust.
First and foremost, a living trust allows you to protect your loved ones' potential inheritance. Instead of simply handing your son, daughter, niece, or nephew a large sum of money before they are old enough to handle it properly, you can establish a trustee to watch over the money until they are mature to be trusted. This essentially guarantees they won't be able to squander it.
Creating a living trust also allows families or individuals to avoid the issues that arise when a loved one becomes incapacitated. Outlining your desires ahead of time keeps family tensions at bay. You can properly designate the people you wish to have in charge of your finances.
A living trust allows your property and finances to be controlled more easily without a court's supervision. A living trust ensures that your possessions can be transferred to your chosen parties ... more

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