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

Why Should I Make A Living Trust ?

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Transcript

You want to avoid probate. You want to have the most control over your assets if you become disabled, or if you pass away. You also want to be able to structure your assets according to what your family needs are. Sometimes you have children that may have issues of their own, that you can set up a special trust for them, and allow their assets to be transferred to them according to your wishes, maybe at certain times.
Also, you can creditor protect your assets to your children and your spouses. You can also set up separate trusts, under trusts for state tax purposes. There's a number of reasons why you should have a trust, but ultimately it's to avoid probate and have the most control over your assets while you're alive, and while you're deceased.

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