Happy Senior Couple

An estate planning attorney is the right person to answer this question.

The key to determining what the best estate planning option is for you, is for you to decide. However, you may want some advice, according to Madison.com in “Is a Living Trust Right for You and Your Family?.”

Trusts do have many benefits over wills.

Trusts do not have to go through probate and, therefore, are not subject to the commonly cited costs and delays associated with probate.

Trust provisions do not have to be made public, as most wills do. Trusts are also a great way to control what your heirs might do with their inheritances, but “testamentary trusts” under wills do so as well.

An estate planning attorney is the person most qualified to advise you on the use of a trust in your estate plan.

Reference: Madison.com (June 27, 2017) “Is a Living Trust Right for You and Your Family?.”

For more information on asset preservation and estate planning, please visit my estate planning website.

Mr. Amoruso concentrates his practice on Elder Law, Comprehensive Estate Planning, Asset Preservation, Estate Administration and Guardianship.