Do You Need A Living Trust?
A living trust is not something you create for yourself. Rather, you create it for your family, knowing that, when you pass away, your assets will be disbursed in the easiest manner possible for them, allowing your loved ones to avoid the burdensome probate process.
At Lewis & Monroe, PLLC, in Orlando, our estate planning lawyers have handled living trusts for over 30 years. We have the experience necessary to help clients prepare their estates and their families for the future. To schedule an appointment for a free consultation, call 407-917-4147 or contact our offices online.
Avoiding Probate With Revocable Trusts
With a trust, you leave instructions regarding not only which assets will go to whom, but also how those assets are to be distributed. If you only write a will, then your assets will be distributed to your chosen beneficiaries in probate court – a fully public process. Revocable trusts allow the family privacy and control of the assets while paying debts and disbursing assets to the beneficiaries.
In addition, a living trust gives you control over when your assets will be distributed. Rather than having your assets disbursed to beneficiaries immediately in probate court, you can choose to have your assets held in a trust and disbursed in increments over time.
Finally, assets are usually distributed faster, smoother and easier when the recently deceased has left a living trust. This is because you already have a plan in place, and the beneficiaries only need to follow the instructions. Without a trust, it is necessary to determine how to distribute the assets.
To learn more about planning your estate using living trusts, you can schedule an appointment for a free consultation with one of our Central Florida attorneys. Call 407-917-4147 or contact our offices online.