Unlike a will, a living trust is a private document that will not become a matter of public record because it does not have to be filed with the probate court. Therefore, you can name beneficiaries and provide gifts while still attaining privacy, since only the trustees and those involved in trust administration will know the contents of a living trust. This means that no creditor of yours or your beneficiaries, no disgruntled relative, no scam artist, and no nosey neighbor need know the details of your financial history.
Remember, there are people out there who make a living preying on young or vulnerable people that have just inherited something from an estate. They troll these public records daily looking for victims of their next heist or scam. Fortunately, with a bit of planning, you can protect your family from such privacy violations that accompany the probate process. I recommend talking to your Cary trusts lawyer about living trusts and how they can help your family if something unexpectedly happens to you.
Fortunately, we’ve made that process easier than ever by making 8 Peace of Mind Planning Sessions available to readers. Simply call 919-443-3035 and mention this article to reserve your spot. Your family will thank you for it!
