Benefits of a Living Trust

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A Living Trust protects you, your family, and your assets, while helping to avoid probate time and expense. Create this legal form easily with Rocket Lawyer.

A Living Trust can be an important component of an estate plan. When you create a Living Trust, you will transfer ownership of your property and assets to the trust during your lifetime. These assets can then be quickly and easily passed to designated beneficiaries. Married couples can establish either a joint or individual Living Trust.

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There are a number of benefits of a living trust, including:

Assets do not have to go through probate proceedings to pass to heirs
Trusts can be confidential, whereas Wills must be publicized when they pass through probate
Individuals have maximum control over their estates
Living Trusts can reduce or even prevent estate taxes in many situations
Trusts enable an individual to name a trustee who can make decisions about assets in the event of mental or physical incapacitation
Assets placed in trust can in many cases be protected from creditors and legal actions
You can easily amend your provisions with a simple Living Trust Amendment document

You can easily create a Living Trust or Joint Living Trust for free at RocketLawyer.com

This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.