What Are the Benefits of Writing a Living Trust Instead of a Will?
Whether you’re trying to decide between a will and a living trust, or you’re just curious what the benefits are, it’s a good idea to know the differences. Having an understanding of both wills and trusts can help you decide which one is best for you and your family.
Trust
A trust may be a little more complex to set up than a will. It may also cost a lot more to set up. However, a trust can save you money in the long run.
Work with a professional
If you’re considering creating a living trust, it’s a good idea to work with a professional. For instance, a financial advisor or attorney can help you determine if you need a revocable living trust.
The main advantage of a trust is the ability to protect your assets from creditors. Trusts can also provide a level of privacy for your beneficiaries.
Will
Unlike a will, a living trust doesn’t have to be probated. This can make the transfer of your assets easier, cheaper, and faster.
Living trust
Using a living trust to your advantage can make it easier to manage your estate after you’re gone. You can name a successor trustee to oversee your trust’s properties, and you won’t have to deal with the headaches of working with a probate court.
You may also be able to use a trust to limit your beneficiaries’ lawsuits and taxes. While this isn’t a law in all states, it may be a good move for you.
Free consultation from one of the best Law Firms
If you have questions, you can get a free consultation with the Best Estate Planning Lawyers.
Parklin Law – Estate Planning Lawyer
5772 W 8030 S, # N206
West Jordan UT 84081
(801) 618-0699
Parklin Law Official Website
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Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.
When you need a Lawyer, contact this law firm:
Parklin Law
Heber City, Utah
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Heber City, Utah
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Heber Valley looking southwest toward Deer Creek Reservoir
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Location within Wasatch County and the State of Utah
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| Coordinates: 40°30′24″N 111°24′44″WCoordinates: 40°30′24″N 111°24′44″W | |
| Country | United States |
| State | Utah |
| County | Wasatch |
| Settled | 1859 |
| Named for | Heber C. Kimball[1] |
| Area | |
| • Total | 8.99 sq mi (23.29 km2) |
| • Land | 8.99 sq mi (23.29 km2) |
| • Water | 0.00 sq mi (0.00 km2) |
| Elevation
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5,604 ft (1,708 m) |
| Population | |
| • Total | 16,856 |
| • Estimate
(2019)[4]
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17,082 |
| • Density | 1,899.27/sq mi (733.33/km2) |
| Time zone | UTC-7 (Mountain (MST)) |
| • Summer (DST) | UTC-6 (MDT) |
| ZIP code |
84032
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| Area code | 435 |
| FIPS code | 49-34200[5] |
| GNIS feature ID | 1455878[6] |
| Website | heberut.gov |
Heber City is a city and county seat of Wasatch County, Utah, United States. The population was 11,362 at the time of the 2010 census. It is located 43 miles southeast of Salt Lake City.
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