Why Would I Use a Trust Instead of a Will?

If you have not looked into the subject thoroughly, you may automatically assume you should use a last will as an estate planning device. Many people do go this route, but you should be aware of the fact that you have other options. A last will is not going to be the best choice in many instances. Let s look at some of the reasons why you may want to use a trust instead of a will. Probate Avoidance A last will must be admitted to probate. This is the legal process of estate administration, and the heirs to the estate cannot receive their inheritances until after this process has run its course. In a case that is not especially complicated, an estate may pass through probate in around nine months to year. Plus, there are expenses that accumulate during probate, and it is a public proceeding that allows anyone to find out how you decided to distribute your resources. If all of these drawbacks do not sound very appealing, you could avoid them through the creation of a revocable living tr
http://www.myestateplan.com/trust-3/

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