How Living Trusts Help Avoid Probate

September 25, 2015

If you want your loved ones to have an easy experience with your estate after you pass away, one of the most popular methods of doing this is by avoiding probate. Leaving as much as possible to your loved ones is possible with some common estate planning methods that can also help avoid costly probate fees. shutterstock_46713349

A simple living trust can help your loved ones avoid probate and to allow the passage of your property to happen in a relatively smooth manner. In order to create a living trust, you would need a document called a declaration of trust. You’ll put yourself as the trustee, or you and your spouse as co-trustees. At this point, you would then transfer either some or all of your property into the trust. As the owner, you would not lose any control over the items in the trust. You would then name either the organizations or the people you want to receive that property as beneficiaries. With a revocable trust, this is something you can change later on, too.

To learn more about how the living trust can work together with your other estate planning, contact our offices today.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

New State Retirement Plan Requirements for Small Businesses in New Jersey and New York

Small businesses in New Jersey and New York may face new retirement plan compliance requirements in 2026. Learn who is affected, key deadlines, and important ...

<p>The post New State Retirement Plan Requirements for Small Businesses in New Jersey and New York first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Understanding the K-Shaped Economy: Why Portfolio Diversification Matters More Than Ever

Learn what a K-shaped economy means, how it affects investors and business owners, and why maintaining a diversified portfolio may help navigate an increasingly uneven ...

<p>The post Understanding the K-Shaped Economy: Why Portfolio Diversification Matters More Than Ever first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Succession Planning Checklist for Business Owners and Families

Discover a practical succession planning checklist designed to help business owners and families prepare for leadership transitions, preserve legacy goals, and support long-term continuity. For many business owners and families, succession planning is one of the most important — and often most delayed — aspects of long-term planning. ...

<p>The post Succession Planning Checklist for Business Owners and Families first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>