A living trust is a revocable trust which goes into effect during a person's lifetime and allows that individual to gather all assets in one document with the primary purpose of avoiding probate. Avoiding probate is important as it is often a costly and time-consuming process.
With a living trust, you can maintain control of your assets and manage them during your lifetime, while providing for a quick and easy distribution of your property according to your wishes at death. In addition, a living trust can also provide an orderly management of your financial affairs should you become incompetent, and avoid the necessity of a guardianship, also a time-consuming and costly process.
A living trust can also be a Medicaid planning tool when used by a married couple.
Experienced Living Trust Attorneys You Can Trust
Contact The Law Offices of Randall M. Perla today to discuss a living trust and other estate planning matters.
