Living Trust FAQ
An introduction to living trusts -- a popular way to avoid probate.
What is a living trust?
Why should I make a living trust?
How does a living trust avoid probate?
» Is it expensive to create a living trust?
Is it a hassle to hold property in a living trust?
Is a living trust document ever made public, like a will?
Does a living trust protect property from creditors?
If I make a living trust, do I still need a will?
Can a living trust reduce estate taxes?
Is it expensive to create a living trust?
A basic living trust isn't much more complicated than a will, and you probably won't need to hire a lawyer. With a good self-help book or software program, you can create a valid Declaration of Trust (the document that creates a trust) yourself. If you run into questions that a self-help publication doesn't answer, you may need to consult a lawyer, but you probably won't need to turn the whole job over to an expensive expert.
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