Summary of Living Trust Benefits

The Main Benefits of a Living Trust:

• Avoids probate at death, including multiple probates if you own property in other states

• Prevents court control of assets at incapacity

• Brings all your assets together under one plan

• Provides maximum privacy

• Quicker distribution of assets to beneficiaries

• Assets can remain in trust until you want beneficiaries to inherit

• Can reduce or eliminate estate taxes

• Inexpensive, easy to set up and maintain

• Can be changed or cancelled at any time

• Difficult to contest

• Prevents court control of minors’ inheritances

• Can protect dependents with special needs

• Prevents unintentional disinheriting and other problems of joint ownership

• Professional management with corporate trustee

• Peace of mind

For additional questions about living trust, please review our blog series entitled “Understanding Living Trusts: How you can Avoid Probate, Save Taxes and More FAQ” or speak with our Living Trust Attorney in Los Angeles.