Wednesday, June 2, 2010

A Living Trust - What is it and why do you need one?

A Living Trust takes the place of a Will. If you currently have a Will prepared, you may want to consider changing that to a Living Trust. If you die, and you have a will, your estate - that's anything you own - goes through Probate. Probate is the legal process controlled by the courts to make sure debts are paid and assets are distributed according to your Will.

This is an extremely expensive, time consuming and public process. It can literally take away all your assets, it will cost you a lot of them at least.

A Living Trust however, is the recognized legal method that protects all your assets, and your heirs. It can dramatically reduce the estate taxes you'd pay, it simplifies your assets, and gives not only you but your family peace of mind.

For more information contact me, or visit http://www.NationalEA.com

Jane LovedayWindermere Real Estate Agent619-519-1615 Cell http://janeloveday.comhttp://www.facebook.com/realestatesandiego

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