Relying on Trust
If you want to transfer your property to your beneficiaries after your death without probate, ask an attorney about drawing up the legal document known as a “living trust.” Another big advantage of a living trust is that it can be very flexible. It can be used to transfer all, or only some, of your assets. In addition, unlike wills, living trusts do not become part of the public record during the probate process. Living trusts derive their name from the fact that they are created while you are alive. The person you appoint to handle the trust after your death transfers ownership to the beneficiaries you named in the living trust. In many cases, the whole process takes only a few weeks, and there are no lawyer or court fees to pay. When all of the property has been transferred to the beneficiaries, the living trust ceases to exist. To learn more, please call the Pruitt Law Offices S.C. at 262-633-8301. Our office is located at 731 Main Street in Racine. We are your partners for professional service.