The value of creating a Living Trust is in its functionality, and not simply a decision that should be made based solely on the dollar value of the assets it is to contain.<\/p>\n
The creation and use of a Living Trust can lead to the reduction or avoidance of probate and, in some cases, assist children and others pursuant to the direction of the Trust assets as set forth in the trust documents.<\/p>\n
A Trust can also maximize tax credits and protect assets.<\/p>\n
Many of these results cannot be achieved with a simple Last Will & Testament.<\/p>\n
Whether or not a person should create a Living Trust for his or her estate is a question for that person alone to decide. If advice is needed to make such a determination, a person should consult with a qualified attorney or professional financial adviser. Standard Legal cannot and will not suggest whether or not a person should or should not create a Trust, as we cannot provide specific legal advice in this forum.<\/p>\n