Using a Living Trust to Avoid Probate

The administration of one’s estate is rarely an easy process. There are ways to make it easier, though, and using a living trust to avoid probate may help you and your loved ones avoid several common headaches. Why Avoid the Probate Process? Probate is the court-led review of a decedent’s will or wishes to determine how assets should be divided amongst heirs. In addition, probate typically involves an accounting of assets, payment of debts, and other matters. In general, it’s a good idea to avoid probate as much as possible because: Probate can add additional costs to the estate administration process Probate...