What Are The Benefits Of A Trust?
One question we are asked frequently is what the benefits of a Trust are over just having a Will. Our answer is that there are several reasons why a Trust can be preferable to a Will. For example, a Trust does not typically have to go through any probate proceedings if funded properly, and the Trust Administration process is a private one (vs. a public Court probate case) that helps clients retain their privacy. Trusts also help avoid probate proceedings in other states, which is a big benefit if you own property multiple states. A Trust can also take into account the needs of clients and loved ones of there if is a period of chronic illness or incapacity.
With offices in Orange Park, Jacksonville, and St. Augustine, our Elder Law and Estate Planning Attorneys help clients establish Trusts to plan for their lifetime needs, families’ futures, and the private transfer of assets after death.