Following are the benefits of a Living Trust.
A Living Trust:
Avoids probate, thereby avoiding delay, expense and the public nature of this formal proceeding of the Superior Court.
Avoids the need for a conservatorship if you become incompetent or incapacitated.
Offers potential tax savings.
Can continue for the benefit of:
Your loved ones;
Minor children and elderly dependent parents; and,
Adult children with drug or alcohol problems, mental, physical, or educational special needs, or developmentally disadvantaged adult children on SSI.
