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There are a number of estate planning options at your disposal. In addition to a will, many consider creating a living trust, which offers several advantages. The Honolulu law firm of Wills and Trusts Hawaii knows how vital a solid estate plan can be for safeguarding your legacy. That’s why they provide quality counsel to local clients on the many different options, including what a living trust can accomplish for you.

Why Invest in a Living Trust?

1. Retain Control of Your Finances

Though it’s unpleasant to think about, it’s wise to confront the consequences of being incapacitated by illness or injury without a provisional document in place. By creating a living trust, you won’t have to worry about the state appointing someone to take control of your finances. Instead, your chosen trustee will handle matters and assure your assets are in good hands.

2. Avoid Probate

creating a living trustProbate is the very long, costly, and public process of validating your will. All estates—even those with a document in place—are potentially subject to the procedure. However, you can avoid it with a living trust, as it allows your trustee to begin distributing assets right away, and in the manner you see fit.

3. Ward Off Challenges From Family

Your family may contest your will by saying you were not of sound mind when it was created, or that the terms were written under duress. These claims do not hold up with living trusts since they require continuous involvement from the estate holder. You will be responsible for funding your trust with your assets and property to include them. As a result, evidence of your mental competence will be much more evident to the court.

If you’d like assistance creating a living trust in Honolulu, the attorneys at Wills and Trusts Hawaii will guide you in establishing a solid document that reflects your wishes. Their expertise ensures a comprehensive plan that avoids probate and protects you and your family’s best interests. To learn more about this highly respected law firm, visit the website. You can also schedule a consultation with a seasoned lawyer by calling (808) 792-8777 today.

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