Did you know?

What is a Living Trust?
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A Living Trust is a written document that places your assets into a Trust. This Trust becomes effective immediately upon its creation.

Under the Trust document, a Trustee is appointed (typically the person who created the Trust). The Trustee controls the Trust and the property contained in the Trust. The Trust document specifies exactly how your assets shall be distributed upon your death.

By having a Living Trust in place your beneficiaries will avoid probate and inherit your assets instantly upon your death.

What is a Will?
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A Will, also known as a Last Will and Testament, is a written document that outlines how a person’s assets and property should be distributed after their death. It also allows you to appoint a guardian for minor children and an executor to manage the distribution of assets.

Without a Will, the distribution of assets is determined by state law, which may not align with the individual’s wishes.

Keep in mind, a Will does not avoid probate nor does it exempt the estate from going through the legal process.