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Looking to avoid probate? Want to provide for immediate transfer of your property after your passing? If you'd like more control of your property, instead of leaving it up to the courts, a Delaware living trust just might be your answer.
When you create a living trust, you create a new legal entity who's only job is to own property for you. Your new entity "hires" you to control what happens to the property, a job called "trustee." Once you pass away, you pick a new trustee, also called a "successor trustee," to manage the property. Frequently, living trusts are set up so the successor trustee is either a child or surviving spouse of the original trustee, i.e. you. The wealth you have accumulated for your family can stay in your family, for health, support, maintenance or education.
While creating a living trust usually requires more initial paperwork and is generally more costly than creating a will, it is the best way to make sure your significant holdings are distributed rapidly and straightforwardly to your heirs.
For more information about living trusts, check out LegalZoom's free, online legal library. If a Delaware living trust sounds right for your estate planning needs, form one today by filling out our easy-to-follow online questionnaire. Let LegalZoom give you the confidence that comes with a future well planned.
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