Withstanding a Challenge
A “living trust” ensures that assets will go directly to beneficiaries without going through probate. Assets, however must be transferred into the name of the trust. One of the additional advantages of creating a living trust is that it is generally considered to be more difficult to successfully challenge a living trust than a will. One reason that the will is easier to challenge is that the will is already in the court system by its nature through probate. Another reason for this is that the trust’s creator’s continuing involvement with a living trust (such as transferring property and making amendments) after its creation is an indication that the grantor was competent to manage his or her own affairs. If you are interested in establishing a “living trust” or if you have questions about whether this is a good option for your specific situation, the attorneys at Pruitt Law Offices S.C. at 731 Main Street can help. Contact us at 262-633-8301 for a free consultation. Your partners for professional service.