A “living trust” mainly helps an individual exert substantially more control over their assets to ensure their wishes are expressed after they pass away. A living trust can also help families save themselves the added expense and delays that come with probate. The probate process itself can last as long as 3 years and absorb 10-to-15% of a person's estate value! As you do not have to register your trust with the court system, setting a living trust up also offers you more secrecy and privacy than a will would allow for.
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