Both documents can be used to distribute assets to beneficiaries after death. A will is easier to set up, but it is usually required to go through probate to distribute assets, which can be time-consuming and costly. Assets placed in a living trust avoids probate, but the trust requires more initial setup and ongoing maintenance.

Yes, with an individual living trust, you can transfer assets freely while alive. As the trustee, you maintain control. Upon your passing, the trusted individual you designate as your successor trustee will take over management. In a joint trust, both trustees may need to agree before making decisions about shared property.

A revocable living trust allows the person who created it to make changes or cancel it at any time. In contrast, an irrevocable trust cannot be changed or undone once it’s set up.

Yes, wills are still advisable, even with a living trust. Our trust package includes a pour-over will, which ensures any assets not placed in the trust still go to your beneficiaries. It also allows you to name guardians for minor children and specify funeral arrangements.

Yes, living trusts are recognized in all 50 states. However, if you move, it's a good idea to check with a local attorney to ensure your trust is up to date. Be sure to add any new assets from your new state to your trust.

No, living trusts are useful for people at all income levels. They help you manage finances if you become disabled and allow your loved ones to avoid probate, making estate management easier—regardless of wealth.