About Do It Yourself Living Trust Legal Forms

While a last will and testament distributes and protects your property, heirs, and wishes after your death. A living trust, on the other hand, can do the same while you are alive and protect your property, heirs, and wishes before AND after your death.

About Do It Yourself Living Trust Legal Forms
This page pertains to estate planning, difference between will and trust, benefits of a living trust, save legal fees, no lawyer needed, easy setup, additional documents necessary
About Do It Yourself Living Trust Legal Forms While a last will and testament has its advantages and uses, there are some instances in which you may find a living trust a better option.

While your will provides for distribution and protection of assets, and the rights of heirs after your death, the revocable living trust can not only do that, but also do the same while you are still alive.

A living trust allows you to appoint someone to manage your assets and property, follow your desires, before and after death. Additionally, in the event of an incapacitating illness or accident, your trustee can continue to manage things as you have set out in advance.

After your death, the trustee you have appointed will act as an executor. One great advantage, is that a living trust does not have to wait for probate, as with happens with a last will and testament.

Benefit Of A Living Trust

  • The living trust avoids probate. Probation of a last will and testament can take a long time, sometimes even years. The living trust is in full effect, doing its job after your death with no change.
  • The living trust may save money, in the form of legal fees, by avoiding probate and not having to be defended in court against claims by creditors and heirs.
  • The living trust protects privacy... yours and your heirs. A will becomes public record, while a living trust is a private document.
  • The living trust remains active even if something should happen which leaves you unable to make decisions or execute actions... in the event of accident or illness, for example.
  • The living trust gives peace of mind from the moment of its preparation, and, a revocable living trust is easily altered for changing events, conditions, and needs.

While a last will and testament distributes and protects your property, heirs, and wishes after your death. A living trust, on the other hand, can do the same while you are alive and protect your property, heirs, and wishes before AND after your death.

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About Do It Yourself Living Trust Legal Forms

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