Major Benefits of a Trust
- Gives you full control of your assets while you are alive and competent.
- Avoids probate costs by reducing size of probatable estate.
- Permits assets to be distributed quickly upon your death.
- Keeps the details of your estate private.
- Arranges for a successor trustee to manage your assets should you become incapacitated.
- Is difficult to contest.
- Effectively doubles the standard estate deduction for married couples.
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