A Trust is a private contract. There is no requirement that a Trust ever go before a Judge in Court.
A Will must be adjudicated in Probate - meaning that a Judge affirms the will was correctly executed AND anyone who is nosy can get a full copy of what your will said!
With a Trust, the Trustee is in charge of fulfilling the objectives of the Trust. You get to pick who the Trustee is.
Probate Judges can take a long time to fulfill the objectives of a Will. Meanwhile, your family could be out in the cold. Lawyers also get tremendous fees from the Probate process
Dividing your property how you want is done by the Trustee who you selected - this could be an entirely free process.
Between attorney fees and extra taxes, a Will can be extremely costly for your family.
Trusts can have tax benefits. Consult your tax professional or attorneys at Gold Legal Group to learn more.
A Will can not offer you any special tax protections.
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