Six reasons to have a trust instead of a will
- David Greene
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There are many reasons why one should consider having a Family Trust. Six of these are:
- The Trustor will avoid probate with a properly funded trust.
- The Court does not notify creditors since the decedent’s case does not go to Court.
- The Trustor can give future gifts (for years after his death) from the trust, unlike a will.
- If the trust is for a husband and wife, the trust continues after the death of the first party.
- The trust is a private document and is not recorded anywhere.
- The trust provides greater for the children in a blended marriage.