While living trusts and last wills are both used to distribute property to beneficiaries, there are some important differences. For example, one of the key benefits of a living trust is that it circumvents probate court. Unlike a last will, which can be tied up in probate for years, a living trust quickly and smoothly transfers assets to your beneficiaries. And because a living trust is never registered with the courts, the details of your estate remain private. To see a complete comparison of living trusts and last wills, please click here.
Pour-Over Wills
If you choose to create a living trust, you may also create what is called a pour-over will. It provides for the distribution of any property not included in the trust. It will also allow you to name a guardian for any minor children. The LegalZoom Living Trust includes a pour-over will.
