If you're like most people, you want to ensure that your assets and property are protected for the future. One way to do that is by creating a living trust. According to a recent survey by Caring.com, only 42% of U.S. adults have estate planning documents, such as a living trust or a will.
At Lucas Law, we understand the importance of estate planning and can help you determine whether a living trust is right for you.
Avoiding Probate: A Key Benefit of a Living Trust
One of the biggest advantages of a living trust is that it allows you to avoid the probate process. Probate is the court-supervised process of distributing a person's assets after they die. This can be a lengthy and expensive process, often taking months or even years to complete. By creating a living trust, you can transfer your assets and property to a trustee, who can manage them for your benefit during your lifetime and distribute them according to your wishes after you die. This can save time and money, as well as ensure that your assets are distributed according to your wishes.
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