What Is a Living Trust?
A living trust is a legal document that holds ownership of your assets during your lifetime. You maintain full control as the trustee, and upon your death, a successor trustee distributes assets according to your wishes without court involvement.
Benefits of a Living Trust
1. Avoid Probate - Probate is the court process of validating a will and distributing assets. It can take months or years and costs thousands in legal fees. A living trust bypasses probate entirely.
2. Maintain Privacy - Wills become public record during probate. A living trust keeps your financial affairs and beneficiaries private.
3. Protection If You Become Incapacitated - If you become unable to manage your affairs, your successor trustee can step in immediately without court proceedings.
4. More Control - A trust lets you specify exactly how and when beneficiaries receive assets. This is especially useful if you have minor children.
Is a Living Trust Right for You?
Most homeowners and people with significant assets benefit from a living trust. At JKJ Enterprises, we offer simple, affordable estate planning solutions and explain every document in plain English.
Contact us today to learn more about protecting your family future.
