Thinking about a Living Trust? Call The Document People.
Estate planning is not something that you necessarily think about every day, but the moment you own real estate, or become a parent, you might find yourself considering planning for the future.
What’s the difference between a Will and a Living Trust?
We always tell our customers that having a Will is better than having nothing at all (at least you have detailed in writing your wishes when it comes to distributing your assets and who is your executor in charge of carrying out your wishes). BUT a Will is not enough to make sure that your assets are passed on to your heirs without forcing them to go through the court process called “Probate”.
If you have gone through a Probate, you know how long, expensive, and tedious the process is. That’s the Court establishing that indeed a certain person IS the rightful heir and an asset or an estate can indeed be distributed to such heir. Here is the thing though: nobody should have to go through a probate. A properly funded trust avoids probate.