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WHY DOESNT EVERYONE HAVE A LIVING TRUST?

April 26, 2017LDA Living trust living trusts power of attorney ventura county

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WHY DOESNT EVERYONE HAVE A LIVING TRUST?

5 Answers

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The vast majority of people don’t know anything about a living trust. Most people don’t plan for the future or discuss what happens at death. Procrastination is our greatest enemy!

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The majority of people do not know anything about a living Trust. Most people do not plan for the future.

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Everyone does not have a Living Trust because: (a) Not everyone is educated about the benefits of a Living Trust; (b) A Living Trust, when compared to a Will, costs more money NOW to save your heirs even more money when you die; and (c) A Living Trust requires a greater investment of time NOW to save your heirs even more time when you die.

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Living Trusts are becoming increasingly popular. In some states, like Florida, they have substantially replaced Last Will and Testaments as a significant means of handling ones estate.

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The majority of people don’t have the knowledge or information about Living Trusts. People often don’t plan for the future and hesitate to discuss what happens at death.