If you own property in more than one state or county, a Living Trust will avoid the agony and cost of commuting and administering two proceedings. Otherwise, probate can be delayed through methods such as joint tenancy, but it will eventually happen. A simple answer to that question is that no one will tell your children to go through probate, they simply will have no choice. Once you pass away, they will not be able to transfer title or clear accounts without a probate approval. A Living Trust is a way to protect your family from the costs and time lost in probate, not to mention the stress.
Probate is time consuming, inconvenient and expensive.
Even at best, probate is an unpleasant, emotionally trying experience. At worst, it can be a nightmare. The information in this site is provided with the understanding that the publisher is not engaged in rendering legal, tax or investment advice. While every attempt has been made to provide current and accurate information, neither the author nor the publisher can be held accountable for any errors or omissions. All Rights Reserved.