Trusts are increasingly becoming popular in the securing individual estates because they offer a smart way of protecting property and assets. A living trust is more preferred than a will in so many ways. Its assets do not get filed in probate. They are distributed without involving the state.
A living trust enables estate owners to put their assets in one place. This eases the distribution and management of the decedent’s estate. The trust is called ‘living’ since it takes effect immediately after creation. Most individuals name themselves as trustees while still alive. Doing this allows them to continue managing their assets before passing away.