The law can change, quickly, and it is important to keep up with these changes – whether you are using a living will or a living trust. It lays out, first, the key difference between a living trust and a living will – the former is a private document and can’t be scrutinized by the public. A living will can, and most likely will, be “hashed out” in probate court, for all of the world to see. A living trust, on the other hand, is not handled in a public setting, and so the affairs of you and your family are not available for public consumption.

An attorney used as a source in the article explains that too many people think their affairs are in order by having a living will set up, when they aren’t. The point is driven further – wills are out of date and are not capable of offering the same level of protection that a trust can. This dissonance is believed to have come as a result of the fact that wills are a well-known phenomenon whereas a trust is not as familiar among the average person. This article strives to impart upon us the knowledge and familiarity of a living trust – from how they can help your inheritance avoid probate court, to when it is best to set one up, to the importance of having the proper legal documentation in order.

Read the full article here.