What are the advantages to a living trust?
First, probate avoidance is the primary reason to establish a living trust. Second, privacy is an important element because without a trust, the financials of your estate become public record. Third, is estate tax savings. If your estate is more than the amount excluded from federal estate taxes, it could be subject to estate tax when you die. And lastly, proper management of assets. A living trust allows you to reduce the risk of inexperienced and unskilled management of property after your death.
