A trust can be a powerful tool in your estate planning efforts. Your estate plan is a clear symbol of the time and care you have poured into protecting your financial legacy and passing it to those you love – in accordance with your wishes. When you understand what trusts have to offer, it can help bolster your peace of mind in relation to your ability to continue caring for your family members once you’re gone. Turn to a trusted online estate planning platform for the skilled guidance and safe document storage you are looking for.
A living trust is a tool individuals use as part of the estate planning process. The owner of the trust, or “grantor,” can revoke or change the trust instructions at any point in his or her lifetime. Living trusts have many benefits, such as avoiding probate, protecting privacy, and providing grantors greater flexibility and control. However, sometimes making changes to a living trust may be necessary. For instance, changes in the law, personal circumstances, or family dynamics may necessitate trust modifications. Below, we explore theread more