Living Trusts
Living Trusts enable you to avoid the cost of probating a will after a person dies and transfer property quickly and easily to beneficiaries. Probating a will can take anywhere from six months to two or three years, and and can result in much higher legal fees. With a living trust, you can transfer property to your beneficiaries immediately and you don't have to go to court. It is almost a painless process. A Living Trust arrangement will also be private, rather than public, so information about who gets what is not in the public domain.
In addition to a Living Trust, you will need Assignment of Property forms to fund the Living Trust and a Quitclaim Deed form to transfer real estate to a Living Trust. If you want to amend a Living Trust, you will need an amendment form.
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