Estate Planning Trusts Law Firm St. Peters Missouri
Estate planning isn’t solely for the very wealthy anymore. Having a proper estate plan ensures that your final wishes will be carried out and that your assets go to the rightful heirs. If you create a living trust, you can have a greater peace of mind that your loved one will be taken care of after you’re gone. It is important to consult with an estate planning trusts law firm in St. Peters Missouri today.
What Is a Living Trust?
A living trust is a legal document in which your assets are put into a trust for your benefit while you’re still alive and can be transferred to the rightful beneficiaries upon your death.
What Are the Benefits of a Living Trust?
One of the greatest advantages a living trust has over a will is that it helps avoid probate. A will has to be proven valid in court, which can take a year or more. If you have an estate planning trusts law firm in St. Peters Missouri establish a living trust for you, you can skip the probate process altogether and your assets will be distributed to your heirs within weeks. Whether they inherit a house or family heirlooms, they won’t have to wait long to enjoy these assets.
Creating a living trust with the help of a estate planning trusts law firm in St. Peters Missouri can also save money. Although establishing a living trust costs more than establishing a will, it can help your estate save money at the time of your death. Because the estate does not have to go through probate, no probate costs will be taken out of the estate. That means your heirs will receive more money.
Another benefit a living trust offers is privacy. Unlike a will, a living trust is not made public when you die. All of your heirs will receive their assets in private. No one can go search public records to discover information about the distribution of your estate.
A living trust also comes in handy if you become ill or incapacitated. Your successor trustee can manage your affairs without the court intervening.
Should You Hire an Estate Planning Lawyer?
If you have decided that creating a living trust is the right choice for you, it’s in your best interest to talk to an estate planning attorney St. Peters, MO residents trust. A living trust is a complicated legal document, so you should have someone with knowledge and experience on your side.
An attorney from an estate planning trusts law firm in St. Peters Missouri can help you set up a valid living trust in a timely manner and answer all your questions.
Contact an estate planning trusts law firm in St. Peters Missouri at Legacy Law Center today to schedule a consultation.