Contact a Connecticut Living Trust Lawyer
Probate is a perplexing and expensive process that many people endeavor to avoid through estate planning. There are many tools available to evade the probate process. A living trust is a type of estate planning tool that many people create to achieve such a goal.
While there are many benefits to a living trust, it does not satisfy everyone’s needs. Not everyone benefits from creating this type of revocable trust. At the law office of John M. Gasidlo, Esq., an experienced estate planning attorney will review your estate to determine whether a living trust is right for you. Contact our Westport office to learn more about protecting your estate from probate.
For many people, a living trust is an attractive alternative to a conventional will. Probate is a public process that does not provide people with much privacy. Many people want to remain in control of their estate and make sure that their last wishes are honored. A living trust is a tool that allows you to keep these decisions confidential and out of public view in the probate court. It also allows you to preserve control over the trust property during the remainder of your life. After your death the trust will transfer property automatically to a beneficiary without the necessity of probate.
While there are many advantages to creating a living trust, it is not suitable for everyone. A living trust may be ideal for older individuals with considerable assets where the costs connected with creating a living trust are outweighed by the costs of probating an estate. For many younger, healthy individuals, probate costs might not offset the costs of creating a living trust. You need the advice of a knowledgeable attorney to determine which estate planning options are right for you.
Living trusts are an increasingly common estate planning tool used by people to avoid probate. They are particularly useful for people with significant assets who want to keep control of their estate. To learn more about creating a living trust, contact us at the law office of John M. Gasidlo, Esq. We represent clients throughout Connecticut, including people in Norwalk, New Canaan, and Fairfield.
