living trust

One major problem for most people that I have ever come into contact with is that they do not have proper estate planning. A living trust is essential for nearly everyone who has assets, not for just the wealthy. Holding assets jointly with anyone other than a spouse is very unwise, yet many people do this with property, brokerage accounts etc. The main purpose to have a living trust vs a will is to avoid probate which is costly and time-consuming. There are many sites online which can help you do this but you should have a good estate planning attorney review things to avoid pitfalls.