The Most Important Reasons for Estate Planning" Creating a comprehensive estate plan to deal with your assets and provide for your loved ones after your death is one of the most rewarding tasks you can undertake. You will feel an enormous sense of accomplishment when you complete your estate plan.
A living trust avoids probate. If your estate is not in a living trust, it will have to go through the probate court after you die (unless you plan to give everything to your surviving spouse when you die). Probate is expensive, time-consuming and open to the public. A living trust is private.