Legal Question in Wills and Trusts in California
living trust vs. will
I would like to know the difference between a Living Trust and a Will, and how do you know which is better for you?
2 Answers from Attorneys
Re: living trust vs. will
A living trust is almost always 'better', and minimizes probate (the relatively slow and costly court process by which estate are administered), but is more expensive to set up.
Re: living trust vs. will
If there is anyone in your life that is really trustworthy, a living trust is best by a mile.
But, that is just the beginning. Almost every nightmare on this site respecting estate planning, death and disability is because we in the middle class don't know what the wealthy and powerful pay others to know. Go to my sites, www.MWRoth.com and www.YourLivingLegacy.info for more information.