Four Facts of Living Trusts

Trusts are a valuable tool, but they may not be for everyone. It pays to know the ins and outs before you put your trust in a trust.

Estate planning documents in a leather broefcase
(Image credit: Getty Images/iStockphoto)

Living trusts can be valuable estate-planning tools, but they are sometimes oversold to people who don't really need them or who buy them for the wrong reasons. Consider the following claims often made for living trusts. The facts don't always support them.

CLAIM #1: A living trust will protect your assets from the hassle, delay, and expense of probate proceedings.

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