Estate Planning Law Office of Mary Alice Gwynn, PA
Providing Personal, Caring Estate Planning Service To All Of South Florida.

Why Should An Lgbt Couple Make A Living Trust?

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I think all couples should have a living trust for a number of reasons. Number one, it avoids probate. that's that long, lengthy, costly legal process of transferring one's assets when there is not a beneficiary attached to it, or a joint owner, or a trust owning it.

Number two, you can set up where you avoid estate taxes in a living trust.

Thirdly, you can tweak the provisions to protect your surviving spouse from creditors, or if your surviving spouse becomes disabled, or if maybe you have children and a child may be on disability, or may have specific issues that you can address more acutely in a living trust. And one of the other benefits? You can amend it at any time. Because life changes and so should your trust.

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