Will a living trust enable me to avoid the long delays, high legal costs, and public disclosure of information that usually occurs when an estate goes through probate?
A. The answer depends in large part upon your personal situation and upon the state in which you reside at the time of your death. Some states, like Pennsylvania , have simple, efficient and inexpensive probate processes. In other states, probate can result in added delay and expense. While living trusts may help you achieve your estate planning objectives, they are complicated and are not right for everyone. You should consult with trusted estate planning professionals to help you determine how best to plan your estate and implement that planning. The plan that is right for you may or may not include the use of living trusts. No matter where you reside you need to beware of living trust scams. Con artists frequently solicit seniors by phone or mail to get them to attend seminars or to set up in-home appointments to discuss tax and estate planning. Living trusts are then marketed through high-pressure sales pitches, which misrepresent the disadvantages of probate and the advantages of
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