Living Trusts - Do They Really Avoid Probate

Everyone must understand the importance of Estate Planning – especially if you own a home or other real estate, or if you have minor children. Not creating an effective estate plan may burden your loved ones (both time and money) after your death. For example, if your home is worth $1,000,000, your loved ones may have to pay more than $60,000 in probate fees and costs in the administration of your estate. However, the use of a simple living trust can alleviate the needless time and expense of probate administration. To learn more about estate planning, feel free to visit  and read the most frequently asked questions estate planning.Estate Planning is not only the practice of planning for death, but it is the planning for life – yours and your family. Should you become incapacitated, you can direct another individual to handle your financial matters through a Durable Power of Attorney. Or through a Healthcare Directive, you may designate someone to handle your healthcare needs. These two documents alone allow YOU, and not the court to decide your financial and healthcare needs during your incapacity.