Call Us Today At 608.829.2525

Horn & Johnsen

  • Home
  • Estate Planning
    • Wills
    • Trusts
    • Medicaid
    • LGBTQ
    • Legal Concept Videos
    • Events
  • Practice Areas
    • Probate
    • Guardianship
    • Business Law
    • Real Estate Law
    • Legal Concept Videos
    • Events
  • Attorneys
    • John Horn
    • Dera Johnsen-Tracy
    • Events
  • Videos
  • H&J Blog
  • Testimonials
  • Contact Us
Free Estate Planning Book

Help Your Heirs Avoid Probate With a Living Trust

Help Your Heirs Avoid Probate With a Living Trust

by HJ / Monday, 04 April 2022 / Published in Horn & Johnsen News
dictionary picture of probate meaning

Probate can be an extremely time consuming and expensive process that is best avoided whenever possible. With this in mind, it is essential to work with an estate planning professional to safely and confidently plan ahead for the future.

A living trust can be a great option when it comes to considering the future and helping your heirs avoid probate. While you are still living, an estate planner can help you set up the trust so that you are both the beneficiary and the trustee. This means that even when you move assets into the trust, you would still be in control of them to the same extent that you were previously. You can then appoint a successor trustee to handle the trust in the event that you begin to experience any mental disabilities and can no longer control the trust on your own. The trust document can also designate both a successor trustee and a successor owner of the trust to take over in the event of your death. It is worth noting that a living trust is revocable, meaning that, even after you set it up and appoint successors, you would still have the ability to change or cancel the trust if needed.

It is important to remember when setting up a living trust that you need to change ownership of homes, or any other property you wish to put in the trust, from your name to the name of the trust. Creating a living trust and conveying ownership of items can often be a confusing process so it is important to get help from estate planning professionals. We are here to help you make sure that everything is set up correctly so that the transition after your death goes smoothly and your heirs can avoid probate.

A living trust is a powerful estate planning tool for many reasons. If you would like to learn more about living trusts and how to start setting one up, or if you simply have questions about what you should be doing to plan for the future, contact the team at Horn & Johnsen today: https://hornjohnsen.com/

What you can read next

The Dilemma of Jointly Owned Real Estate
Last Will and testament on wooden desktop
Why is it important for me to have a will?
probate lawyer madison wi
Finding the Right Probate Lawyer

Recent Posts

  • Senior couple planning their will

    Navigating the Future: Exploring Living Wills, Revocable Trusts, and Irrevocable Trusts for Comprehensive Estate Planning

    Estate planning is a crucial step in ensuring t...
  • Excited aged married couple sign will

    The importance of preparation: Downfalls of failing to plan for mental incapacity with a living will

    Life is unpredictable, and while it’s nat...
  • laptop with "froozen asset" written on screen.

    What do I need to know about asset freezing?

    Asset freezing is a legal process by which a co...
Horn & Johnsen SC - Estate Planning Center of Wisconsin

Estate Planning
Guardianship
Business Law
LGBTQ

Probate
Medicaid
Real Estate
Special Needs

APPOINTMENT LOCATIONS

Madison
Waukesha
Baraboo
Brookfield
Sauk City
Janesville

DOWNLOAD PERSONAL INFORMATION QUESTIONAIRE

SUBSCRIBE TO HORN & JOHNSEN

We respect your privacy and take protecting it seriously.

OFFICE LOCATION

Horn & Johnsen SC
8446 Excelsior Drive, Suite 102
Madison, WI 53717
P. 608.829.2525
E. info2016@hornjohnsen.com
Sitemap

Copyright 2019 Horn & Johnsen. Powered by Digital Fitness.

TOP