If you own a home or have assets worth at least $100,000, you owe to yourself and your family to get the facts on living trusts as a part to of an estate plan. If you think you are protected by a simple Will, think again. In many cases a Will guarantees you will go thru probate, which means your family may not be able to take possession of your estate for many months or even years.
Plus a living trust may protect your assets if you become incapacitated during your lifetime by avoiding guardianship. This means your estate may be managed as you see fit, not as a court appointed guardian sees fit.