Benefits vs Disadvantages of a Living Trust
Similar to a will, a living trust is a legal document that lets you distribute your possessions to people and organizations after you pass away. Unlike a will, though, assets held in living trusts do not have to go through an expensive court process such as probate before being distributed to your beneficiaries — the people you’ve named to receive your assets. It’s common for individuals to create a living trust so they can pass on their assets without court intervention. A living trust is often the preferred estate plan for many families in the state of California. If you’re ... Read More
