WHAT ARE THE PRIMARY ADVANTAGES OF A LIVING TRUST?
1) After your death, the trustee will distribute the trust assets directly to the beneficiaries without the need for having a probate court authorize the transfers. This is particularly beneficial if you own real estate in more than one state.2) It may be more difficult to contest than a will.3) You can avoid the necessity of having a conservator (someone appointed by a court) manage your property if you become incompetent. but only if all of your property is in the trust.
