Living Trust Lets You Avoid Probate
Having a Living Trusts is other way to avoid probate. Living Trusts are legal documents that, like wills, allow you to detail how you want your property divided and who should care for any minor children. Unlike wills, living trusts take effect while you’re still alive. Once a living trust is created, you must transfer ownership of your property to the trust, which requires changing titles and deeds, to avoid probate. These trusts are revocable — you can change them at any time. You will be the trustee, so you continue to have control over your property, and you’ll name…
