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

Why Entity Structure Matters for Business Owners, Investors, and High-Net-Worth Families

Learn how thoughtful entity structuring can support tax planning, asset protection, operational efficiency, and long-term wealth transfer strategies for business owners and multigenerational families. Why ...

<p>The post Why Entity Structure Matters for Business Owners, Investors, and High-Net-Worth Families first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Why Estate Planning Is About More Than Just a Will

Learn the key differences between wills, trusts, probate, and estate planning strategies designed to help families stay organized, protected, and prepared. Why Estate Planning Is ...

<p>The post Why Estate Planning Is About More Than Just a Will first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Rethinking the 4% Rule: How Retirement Withdrawal Strategies Are Evolving

Explore how the traditional 4% retirement withdrawal rule is being re-evaluated in today’s market environment and considerations for modern retirement income planning.  Rethinking the 4% ...

<p>The post Rethinking the 4% Rule: How Retirement Withdrawal Strategies Are Evolving first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>