Believe it or not, net worth doesn’t play that big of a role in whether a person should have a living trust or not.

Holds your assets while you’re alive: You transfer ownership of property, investments and other assets into the trust.; Lets someone manage your assets if you become sick or disabled: Your ...

A living trust could help your beneficiaries avoid an annoying probate process down the line. But setting one up may be more costly and time-consuming than simply writing a will.

A living trust is a legal arrangement that you can use to help transfer property to loved ones and protect assets in case of incapacity. Learn more here.

A living trust is an estate planning tool that can allow you to maintain control over your assets, specify how they should be distributed and even protect them from legal challenges or financial ...

With careful planning, a living trust can be a valuable tool for protecting your assets, providing for your loved ones, and ensuring that your wishes are honored. Stephen J. Lacey, JD, LLM, is a ...

A living trust, for example, won’t help you reduce your estate taxes, says Drozdowski. Nor will it enable you to sidestep all legal fees, as there are costs involved in drawing up the document.

Once a living trust is established, it must also be maintained over the years. You may need to add new assets to the trust, remove assets, or update its terms.

A living trust often allows you to forego the probate process, which can be time-consuming. There is more privacy involved with a living trust than with a will. Creating a will can be a more ...