Why a Trust – Second in a Series

This is the second in a series of articles on why one should set up a living trust.

A living trust, unlike a will standing alone, allows one to maintain confidentiality as to one’s assets as well as an individual’s choices concerning the beneficiaries of those assets, while living and after one’s death. In addition, if a person becomes mentally incapacitated, a living trust will provide for a smooth transition to a successor trustee of one’s choice and will not only provide the security and comfort of knowing that a trusted individual or financial institution will be managing the trust, but also that the expense and intrusiveness of a court-administered guardianship will likely be avoided.

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