None of us like to think about our own mortality, which is why so many families are caught unprepared. A living trust is an important estate planning tool that can help save the expense and delay of probate, (which can last years, and consume a substantial amount of your estate's value). It may also help married couples avoid estate taxes.
A living trust can provide you with more privacy than a will, because, in most states, you don't have to register it with the courts in probate. Another advantage of a living trust is that it allows you to hand over management of your assets to someone else if you become incapacitated.
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