6 Advantages a Will Does Not Give You

A will is an effective estate planning document. Adding a trust to your will is important to give you the following benefits and protections:

1. Avoid probate- A trust will bypass probate, which will save your family members money.
2. Provide for a person with special needs-Dependants with special needs can protect assets without ruining eligibility for government benefits.
3. Privacy-A trust is private. 
4. Blended families- A trust provides flexibility for blended families.
5. Out-of-State property- If you own real property in another state transferring the property using a trust is easier than transferring property in a will.
6. Asset protection – Using a trust will protect your assets from creditors.

See Bonnie Bowies, 6 Ways a Trust is Better Than A Will, Denver Estate Planning Examiner, Mar. 18, 2014.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.