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This article brought to you courtesy of Paula Walker of Confluence Law Center, Gresham Outlook Estate Planning Expert.

Paula Walker

What about a Trust versus a Will? Let's consider the option of creating a Revocable Living Trust as the cornerstone instrument to manage the transfer of your assets after your passing. It has many advantages and depending on your circumstances and your objectives it can be superior to a Will.

The Trust serves you during your life as well as the orderly transfer of assets after you die. It avoids probate, that costly, time-consuming, complex process that ties up your assets until receiving court approval to distribute the assets and close the estate. A Trust allows your appointed person to immediately do the administration as directed in the Trust and distribute your assets right away. It keeps your affairs private, not public as with probate. Depending on your goals a Trust facilitates estate tax sheltering, managing money left to minor children, dispersing money over a period of 'maturity milestones' to emerging adult recipients to help them make wise use of their inheritance, and keeping safe a recipient's public needs benefits. These and more can be discussed with your estate planning attorney to create a Trust that serves you and your estate during your life and during the lives of those you intend to benefit.

Your Life. Your Legacy. Your Way.

Teleconferencing Options for Estate Planning.

Confluence Law Center here to help you at the confluences of your life.

Serving Clackamas, Hood River, Wasco, Deschutes, Multnomah, and Washington Counties.

Confluence Law Center

24461 E. Welches Road, Suite 4

P.O. Box 964

Welches, OR 97067

503-616-3113

www.confluencelawcenter.com

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