What Are the Benefits of a Living Trust?

A living trust offers the benefits of holding your assets during your lifetime, such that in the event that youare incapacitated, you have the trustee ready to step in and take control. The appointment of a guardian or conservator is a very expensive and time consuming legal process. A second factor is your avoiding probate administration by having your as titled in the name of a trust and passing outside of any legal court proceeding. And third and probably most important lay is people generally are going into much greater detail as to what their intentions are after death.