A living trust is a tool that can benefit anyone, no matter how large or small your assets. A living trust is a trust that puts you in charge during your lifetime, and then passes to a successor after you die. This allows you to get your assets in order while you are still alive and have them set up for success once you’re gone.

Here are five reasons you need a living trust:

• Your assets will go directly to heirs—bypassing the lengthy and expensive probate process.
• A trust is private and will not become public record like a will does.
• Trust can help you protect your property, especially if you own property in different states. During probate, each of these properties is subject to review in the state where it’s located. You can avoid this process with a trust.
• Trusts can help to reduce state and federal estate taxes.
• Trusts allow you to decide when and under which conditions assets pas son to heirs. This allows you to create healthy goals and boundaries for heirs.

When it comes to estate planning, we offer a free in-person consultation to talk about your financial goals, your concerns and how you want things handled. Give me a call at (253) 815-6940 to set up your free initial consultation and take control of you financial situation.  We call it Peace of Mind Planning for a reason. It’s free to learn how a living trust can benefit your family.

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Over the past 34 years, the Law Offices of Christopher A. Benson has helped clients with estate planning. Contact our Federal Way office for a free initial consultation to discuss your goals and planning options.