Living Trust vs Will: Which is the Ideal Inheritance Plan for Your Family?

Living Trust vs Will

When planning your family's inheritance, deciding between a living trust and a will is crucial.

Advantages of a Living Trust:

• Estate Planning Tool: Provides more control and privacy.
• Probate Avoidance: Assets can be distributed faster.

Drawbacks of a Living Trust:

1. Complexity: Requires ongoing management and funding.
2. Cost: Setting up and maintaining a trust can be expensive.

Ensure you understand the implications of each option before making a decision.