What Are the Advantages & Disadvantages of a Living Trust?

Answer

The advantages of a living trust are that they let you make sure your assets are properly handled even after your death. The more your own, the greater your assets the greater reason to create a living trust. Disadvantages are the chance of mismanagement by a trustee, higher costs and more paperwork for management.
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Advantages of a Living Trust
A living trust has many advantages in the estate planning arena, like potentially avoiding probate. Learn the advantages of a living trust from an estate planning and probate lawyer in this free video on estate law.... More »
Difficulty: Moderate
Source: www.ehow.com
Q&A Related to "What Are the Advantages & Disadvantages..."
Setting up a living trust is more complicated and costly than using a will to disperse your assets. It requires transferring ownership of your assets to the trust. A living trust
http://www.ehow.com/facts_5776432_advantages-disad...
Reduce or eliminate estate taxes, Avoid probate, Make things easier for your beneficiaries, Pass your assets to the ones you love, Keep your estate private, Maintain complete control
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It is where all of your assets are put in writing that substitutes for a will but these assets are put into use during your lifetime for your benefit.
http://answers.ask.com/Business/Finance/what_is_a_...
The beauty of revocable living trusts is the ability to amend them whenever you want to make changes. Amending revocable living trusts is a simple process, but you might want to consult
http://www.life123.com/career-money/wealth-managem...
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