Why Savvy Families Are Choosing Living Trusts to Secure Their Wealth
Understanding the Importance of Living Trusts
According to Trust & Will, the total time from beginning the probate process to its resolution can exceed two years. This prolonged timeframe can severely impact families who are unable to access their inherited assets during this period.
The Recommendation from Suze Orman
Financial expert Suze Orman urges families to take charge of their financial planning. By establishing a 'Living Trust', families can shield their wealth and avoid the complications of probate courts.
Benefits of Setting Up a Living Trust
- Immediate access to funds
- Smoother transition of wealth
- Avoids lengthy probate delays
In conclusion, families looking to protect their financial legacies should consider creating a Living Trust as a proactive measure to ensure their loved ones have uninterrupted access to their inheritance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.