Asset Protection and Estate Planning
Why a Living Trust Is Better Than a Will
You might think a will is enough for estate planning, but a revocable living trust offers unique advantages that a will simply can’t match.
1. Avoiding Probate:
A will does not automatically carry out your wishes. Your executor must obtain court approval, which often leads to a lengthy, costly, and public probate process. A revocable trust, on the other hand, ensures that your assets are distributed swiftly and privately, according to your wishes, without unnecessary delays or court involvement.
2. Ensuring Privacy:
Unlike a will, which becomes a matter of public record, a revocable trust remains confidential. This means that the details of your estate, including your assets and beneficiaries, stay private.
3. Planning for Incapacity:
A revocable trust provides for the smooth management of your assets if you become incapacitated, avoiding the need for court-appointed guardianship or conservatorship. This ensures that your estate is managed according to your wishes, without interruption.
4. Flexibility and Control:
A revocable trust can be amended or revoked as your circumstances change, allowing your estate plan to evolve with you. It also integrates with broader estate planning strategies, potentially optimizing tax benefits and ensuring that your plan remains effective as your life changes.
Secure Your Legacy with Anthony Famularo
Planning for the future shouldn’t be overwhelming. Let me help you set up a revocable trust that meets your needs and secures your legacy. It’s about making sure your wishes are honored and your family is taken care of. For a future without uncertainty and a plan that protects your family and your assets, contact Anthony Famularo today. Ensure your legacy is in safe hands.
Areas we cover:
- Estate Planning
- Elder Law Planning
- Long Term Care Planning
- Medicaid Planning
- Special Needs Planning
- Asset Protection
- Probate Administration
- Intestate Administration
- Wills and Trusts
- Will Contests
- Pet Trusts
- Advanced Directives
- Power of Attorney
- Healthcare Proxy
- Living Will
- HIPAA Release
- Article 81 Guardianships