Kevin Miller PC 405.443.5100


5 Reasons You Should Have a Living Trust

Planning is essential in life and planning your estate now while you are able is necessary. Before you pass, you will want to ensure that your property is properly disposed of with some type of estate plan in place. Read on to learn more about the 5 reasons you should have a living trust.

What is a Living Trust?

The foundation of a good estate plan typically begins with a trust and/or will. A trust or will can provide security and peace of mind.  A living trust is referred to as “living” because it is created while you are alive.

A trust can be revocable or irrevocable. A revocable trust can be amended by you at any point after it is in place, while an irrevocable trust cannot be changed once it is signed.

Why You Should Have a Living Trust

Below are five reasons you should have a living trust.

  1. Keep your assets in the family. If you have any distrust in any member outside of your family becoming involved with your children through marriage, for example, a living trust will keep your assets in your family.
  2. Provide for your younger children. A trust can hold money for your children until they are responsible enough to handle the money themselves.
  3. Avoid Probate. Probate can be expensive and complex. Having a living trust can help avoid probate.
  4. Maintain your family’s privacy. Probate is a public process and the process while a living trust is a private document.
  5. Protect yourself now. Having a trust in place will protect you in the event you are unable to make decisions for yourself.

The five reasons listed above are prime examples as to why you should consider having a living trust. However, just as important as it is to plan your estate and have a living trust, it is important to work with an expert attorney. This guarantees your estate is secure and working with an expert prevents any mistakes.

An Expert You Can Trust

Since 1985, Oklahoma attorney, Kevin L. Miller, PC has drafted all types of trusts and wills. He says, “I firmly believe the greatest gift a person may pass on to his or her family or loved ones is a well thought out and easy to understand estate plan. It can make a world of difference and make matters easier after a loved has passed.”

Kevin’s commitment to you is to listen, to help you determine your needs and goals, and to develop an estate plan tailored to meet your particular circumstance. You will be provided with a high level of personal service with an attention to all the details. Learn more about estate planning services.

You will experience personalized, professional service in a confidential, welcoming and comfortable environment.

Reach out to Kevin L. Miller, PC for your trust and estate planning needs. Call  (405) 943-6650.

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