Philadelphia probate attorneys know that there are many advantages to transferring property through a trust instead of through a will. In the above example, the grandparent could have instead just put the property in his or her will. However, property that transfers through a will has to go through probate, which can be long and costly. With a trust, the estate avoids probate and the property can transfer directly to the beneficiary at the death of the grantor.
Another benefit to a revocable living trust is that the grantor can still have some control over the property. For example, the trust can be revoked anytime during the life of the grantor as long as he or she is still competent. Trusts can also provide some control over assets even after death. Grantors can specify that the assets in the trust do not go to a beneficiary until the beneficiary reaches a certain age. Will do not allow for control over assets after death beyond the initial transfer.