DIFFERENCES BETWEEN
LAST WILL and TESTAMENT
AND
LIVING TRUST
Your Last Will & Testament will go through a court supervised distribution process called:
PROBATE!
A few disadvantages of going through probate often include...
Impounded or frozen accounts
Impounded safety deposit box
Probate court cost (10%-30%, or more)
Waiting period (months to several years)
Attorney fees
(typically 6% to 8% of total value of estate)
Administration fees
Public disclosures
(makes good leads for con men who
specialize in fleecing new heirs of their
inheritance)
With your Living Trust, some advantages of a Living Trust include...
A Living Trust is settled without a court
proceeding
Process is not a matter of public record
Process is quicker and cheaper than a
Last Will & Testament
A Living Trust is very difficult to challenge You, the Grantor, retain complete control of your affairs while alive
Assets are directed through your Living Trust per your wishes upon your death
DIFFERENCES BETWEEN LAST WILL and TESTAMENT AND LIVING TRUST
Your Last Will & Testament will go through a court supervised distribution process called:
PROBATE!
A few disadvantages of going through probate often include...
Impounded or frozen accounts
Impounded safety deposit box
Probate court cost (10%-30%, or more)
Waiting period (months to several years)
Attorney fees (typically 6% to 8% of total value of estate)
Administration fees Public disclosures (makes good leads for con men who specialize in fleecing new heirs of their inheritance)
With your Living Trust, some advantages of a Living Trust include...
A Living Trust is settled without a court proceeding
Process is not a matter of public record
Process is quicker and cheaper than a Last Will & Testament
A Living Trust is very difficult to challenge
You, the Grantor, retain complete control of your affairs while alive
Assets are directed through your Living Trust per your wishes upon your death
