When deciding which instrument to use to protect one's estate, a living trust is often overlooked. Many see living trusts as an expensive and complicated alternative to the traditional last will and testament. The truth of the matter is, a living trust is just as simple as a last will and testament to arrange, and with the help of your new attorney, can be prepared properly and swiftly without breaking the bank. Living trusts are quickly becoming a fashionable instrument today due to the many advantages they present over a Last Will and Testament.

The living trust at MyWillPros.com are revocable trusts. Revocable trusts are formed by individuals usually called grantors or creators and take effect during the creator's (grantor's) life. In essence, a revocable trust is a written instrument, created by an individual or individuals in the case of a Joint Revocable Trust which creates a vehicle or entity in which the creator or grantor, transfers legal title of his or her assets and property to the trust and names a trustee, very commonly him or herself, to look after the trust property. The grantor maintains complete control over the trust, benefits from the principal and income of the trust for life and can access any of the trust assets at any time. The grantor may also, at any time during his or her life, revoke, alter or amend the trust.

When the grantor dies, the trust assets and property are either distributed to or held in further trust for other named beneficiaries, as with a will but without going into probate. Learn more