Benefits of Creating a Trust

Trust assets don’t typically need to go through the court-supervised probate process like assets that are in your will, which means your family can often get access to your assets more quickly and simply. A trust can also help you better manage assets that are not as easily, divisible such as your home or property you have.

If your eighteen-year-old granddaughter is irresponsible with money, it might not make sense to immediately leave her an inheritance. With a trust, you can dictate how she can use that money until she is old enough to use it responsibly.

Creating a trust can make your retirement simpler. It helps you get your affairs in order faster and can create liquidity in your estate so the assets can be divided up easier. They allow you to customize your legacy and give you long-lasting control over the way your assets are distributed.

Finally, a trust can allow you to give to a charity or cause that you are passionate about. If you have something you are passionate about or a charity you feel does good work, leaving them something in a trust can feel good.