A living trust, also called a revocable living trust, is created by you and for you during your lifetime, and you remain in control of it for as long as you'd like. Similar to a will, it conveys your wishes for the handling and division of your assets to your heirs, but a living trust can also be used to detail your plans for your future healthcare and financial matters should you become incapacitated.
However, some of the most compelling reasons to consider a living trust are the privacy and protection it provides you and your family. Unlike a will, a living trust avoids probate and the associated court-costs and delays, and it does not become a matter of public record.
A living trust may also provide considerable estate tax savings. To find out if a living trust is right for you, contact one of our trust professionals today for a free, no-obligation consultation.