Legal Minute - 5 Benefits to a Living Trust

A trust is a useful tool in estate planning! Learn 5 benefits to incorporating a living trust into your estate plan with Emily Hicks.

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I'm Emily Hicks with Emily Hicks Law, and this is your Legal Minute. Have you heard about living trusts but don't know why you would need one?

Here are the top five benefits to estate planning with a living trust.

1. It can avoid the lengthy and costly probate process, ensuring a quicker distribution of assets.
2. It can maintain your privacy, keeping your financial matters confidential.
3. It can give you flexibility to adapt your plan as your life changes.
4. It can enable efficient asset management even in times of incapacity.
5. It can minimize family conflicts by providing clear instructions.

Rather than relying solely on a will, consider the advantages of a living trust to protect your assets and provide for your loved ones. This is Emily Hicks with Emily Hicks Law. Be sure to tune in to the Elder Law Hour on our sister station, WBOB AM 600, Saturdays at 1 p. m.