Living Trust Advantages

A Trust is recognized as a separate legal entity, so distributions can be made by a Trustee to named Beneficiaries without any involvement from the courts. Therefore, a Living Trust allows your family members to transfer the property that you want them to have after you pass, quickly and easily, without going through probate. This also avoids probate fees, which results in a larger inheritance for your Beneficiaries.

In addition, unlike a Will, the terms of a Living Trust usually need not be made public. Although it is easy to investigate who has inherited real estate, since real estate ownership is a matter of public record, it is not as simple to determine who has inherited other property, since the Trust document is not made public. This makes it more difficult for creditors seeking debt repayment from the deceased's estate.

Because a Trust is controlled by a Trustee, that person can carry out your wishes when you are not able to. If you are institutionalized or unable to care for yourself anymore, the Trust can still function and make distributions as required.

Estate planning - fundamentals of Trusts and Living Trusts. (n.d.-a). https://www.hg.org/trusts-and-living-trusts.html