Major Reasons to Use a Living Trust

August 11, 2016

One of the most beneficial steps you can take in your estate planning process is to put together a living trust. This helps to avoid the probate process entirely, eliminates court control, unnecessary taxes and helps to retain your privacy. Many different kinds of trusts are available for people across the U.S., but you should have a conversation with your estate planning attorney about what tools are recommended for your situation. trust (2)

A living trust can be controlled entirely by family members and can be resolved in a matter of weeks. This is just one of the benefits of using a living trust. This is especially important after a loved one passes away, since there is already a high level of stress and the challenges of coping with the emotions of a lost loved one.

The average time for the probate process in states across the U.S. is between 9 months to 2 years, which can add to your loved one’s frustration and make things difficult for them in the interim. The probate process is also a very public domain, so anyone who has the interest can go to the courthouse to identify your estate’s value and to determine how it was distributed. If you value privacy, then this is a valuable tool to use.

Contact a New Jersey estate planning attorney if you’re thinking about how a living trust can help you.


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

Understanding the New FinCEN Residential Real Estate Reporting Rule

What Business Owners and Property Investors Should Know Before March 1, 2026 Effective March 1, 2026, the Financial Crimes Enforcement Network (FinCEN) will implement a new residential real estate reporting rule that significantly expands ...

<p>The post Understanding the New FinCEN Residential Real Estate Reporting Rule first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Top 5 Things Employers Should Know About Their 401(k) and Employer-Sponsored Retirement Plans

Discover the top five things business owners should understand about managing a 401(k) or employer-sponsored retirement plan, including fiduciary responsibility, fees, compliance, and employee engagement. ...

<p>The post Top 5 Things Employers Should Know About Their 401(k) and Employer-Sponsored Retirement Plans first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Health Care: The Hidden Retirement Cost You Can’t Afford to Ignore

Health care is one of the most significant and often underestimated retirement expenses. Explore Medicare, long-term care, and tax planning considerations for affluent families. When most people think about retirement planning, they focus on investment ...

<p>The post Health Care: The Hidden Retirement Cost You Can’t Afford to Ignore first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>