Benefits of a Living Trust

August 20, 2010

For starters, a living trust allows your heirs to avoid probate, an often costly and time-consuming legal process used to distribute your assets. With a trust, the distribution is handled within the trust documents. Because the trust technically owns the assets, no probate is required.

Unlike a will, the details of your trust are not public record. That means your estate remains private and your loved ones are protected from would-be con artists and overly aggressive sales people looking for a quick bargain.

A trust also gives you some options that you can’t get with a will. You can create incentives for your heirs for example, allowing them to increase the amount of their inheritance by achieving certain goals and objectives. Perhaps you set up the trust to match whatever income they earn on their own or to encourage higher education, your heirs can receive a bonus if they graduate college.

Likewise, you can use your trust to ensure that heirs with behavioral problems or addictions get help before inheriting a large sum of money.

Another one of the benefits of a living trust is that it also streamlines the entire distribution process, allowing you to create a legacy that can provide for multiple generations to come.

Living Trust Lawyers

If you're still having trouble choosing between a will or living trust for you estate planning purposes, speak with the living trust lawyers at Anderson, Dorn & Rader, Ltd.

Wealth Counsel
Attend our FREE Estate Planning Workshops
Sign up today!
Review Us!
500 Damonte Ranch Parkway Suite 860,
Reno, NV 89521
Phone :  
(775) 823-9455
OFFICE HOURS:
Mon. - Fri. 8:30 AM - 5:00 PM
1692 County Road Suite A,
Minden, NV 89423
Phone :  
(775) 823-9455
OFFICE HOURS:
By Appointment Only, Call For Details
© Copyright 2020 Anderson, Dorn, & Rader, Ltd  |   All Rights Reserved  |
  Privacy Policy  
|
  Disclaimer  
|
Attorney Advertisement  
map-markerphonegooglefacebook-official
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram