Do I need a Living Trust?

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Similar to a will, a trust gives you the power to decide how your assets are handled. The main difference between a will and trust is that the latter is enacted while you’re still living. Living trusts can be classified as either revocable or irrevocable. Deciding which trust is right for you can be difficult, but Anthoor Law Group can help. With a properly drafted trust, you can retain control of your assets and the handling of your estate if incapacity or death were to occur.

With a Living Trust , you can benefit from the following:

  • Avoiding excessive estate taxes
  • Protect your assets
  • Transfer assets outside of probate

While a valid will provides directions on how your assets are handled, your estate may still be probated in the event of your death. When you create a living trust, on the other hand, any possessions held in the trust are not subjected to estate administration by the probate court after the grantor (the creator of the trust), dies. You can also gain substantial tax advantages, and protect details of any possessions in your trust from the public filing process required in probate.

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