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A Quick Guide to Living Trusts

A living trust can be a great option to ensure your assets are dispersed exactly as you want them to be in the event of your death.  While it does not exactly replace a will, it is a tool that can save you money in the long run.  There are several different types of living trusts.  While you do not need a lawyer to develop a trust, it may not be a bad idea to hire one.

The Benefits of a Living Trust

One of the greatest upsides to a living trust is the complete circumvention of probate court.  You do not have to worry about a court deciding what to do with your assets.  In addition, with other options such as a will, there is always the chance that a friend or family member will contest for your assets.  A living will can protect you from that.

Second, but not least, it can be cheaper.  The execution of a living trust upon death should not cost much because it does not require a court or attorneys.