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A living trust is a way to avoid costly legal fees after one passes away. Without a living trust, probate fees can eat away at your assets, leaving less for your heirs. However, if you utilize a living trust, you can avoid most probate costs which in turn allow your beneficiaries to be less burdened when you pass away.
You can set up a living trust so that you can be your own trustee until the time you pass away. By naming yourself as a trustee, you still have full control over your assets while you are still alive.
A living trust stipulates the distribution of property upon your death.
You can create a basic living trust for an individual or a couple to avoid probate.
RocketLawyer.com provides living trust documents, including funding worksheets and living trust forms for both standard and joint living trusts.