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Living trusts and avoiding probate

When it comes to creating an effective estate plan, there are many important strategies to keep in mind. First, it is absolutely essential for you to find the type of estate plan that will suit the needs of your estate and those you love best. Some people find that a will is in their best interests, while others make the decision to create a trust. There are many different types of trusts to choose from and trusts can offer a variety of advantages. For example, if you set up a revocable living trust your estate can avoid the probate process altogether.

Avoiding probate comes with a number of benefits and your loved ones are likely to appreciate the simplicity your estate plan affords, especially during a time of mourning and potential upheaval in the family. For example, some estate plans can lead to a lengthy probate process and even disputes which lead to conflict within the whole family. By avoiding probate with a living trust, you can not only prevent hard feelings and save a significant amount of your loved ones' time, but you can also increase your estate's privacy.

In some instances, probate may still be necessary, especially when someone failed to do enough planning orĀ create a living trust that covers every base. As a result, it is very important to make sure that you have gone over all the options you have and the ins and outs of your estate plan once you decide to set one up.

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Bebout, Potere, Cox & Bennion, P.C.
821 North Main Street
Rochester, MI 48307

Phone: 248-805-1959
Fax: 248-651-8923
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