Benefits to having a Trust

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Benefits to having a Trust

 

1) Avoids Probate

Unfortunately, the probate and estate settlement process can be anything but simple, depending on the size and nature of the assets to be administered, the number of parties involved, how well those parties get along, and many other factors. Complex probates and estate settlements are made all the worse by the fact that the family is in a state of mourning and under a great deal of stress. The last thing most families want to deal with at a time like this is the probate court system.

 

2) Trusts are private

Unlike probate, a trust is not made public.

 

3) Less costly

Probate can be an expensive process that reduces the net gain to the heirs.

 

 

 

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© 2015 by Kip Barnard, Broker. CalBRE #01428934