Probate vs. Trust

Probate is a judicial process that is required with or without a will, where the court determines the value and distribution of a deceased person’s property.  A revocable living trust can avoid probate and save you thousands of dollars.

The Disadvantages of Probate are:

  • Court Fees
  • Length of time probate takes
  • Attorney Fees
  • Disclosure of personal finances
  • Beneficiaries must wait till end of probate to use assets

A Living Trust is NOT subject to probate, a living trust’s advantages are:

  • Avoids probate
  • Control of your own assets
  • Protects your privacy
  • Prevents the court from controlling your assets
  • Avoids the high costs of probate

Assets can be transferred immediately instead of taking months or years.