As a Virginia estate planning attorney, I frequently advise clients about the benefits of living trusts. These powerful legal tools can help your family avoid the lengthy and expensive probate process while maintaining privacy.
Key Benefits
Faster Distribution
Assets can be distributed in weeks rather than months
Privacy Protection
Avoids public probate court records
Cost Effective
Reduces administrative fees and court costs
Common Questions
Do I still need a will with a living trust?
Yes, a "pour-over will" acts as a safety net for any assets not transferred to the trust.