Avoid Probate: One of the most compelling reasons to use a living trust is to avoid the probate process.
Maintain Privacy: Unlike a will, which becomes a public document once it goes through probate, a living trust is not generally part of the public record.
Immediate Access to Assets: Since the assets in a living trust can bypass the probate process, beneficiaries can gain access to them more quickly after the grantor's death.
Flexibility: Living trusts offer a high degree of flexibility. You can set conditions on how and when assets are distributed to beneficiaries
Continuity During Incapacity: A living trust can provide a clear plan for managing the grantor's assets if they become incapacitated.
Potential for Tax Advantages: For larger estates, a properly structured living trust can help minimize estate taxes, providing more of the estate to the beneficiaries rather than to tax payments.
Protection for Minor Children: A living trust allows for the appointment of trustees who can manage assets for minor children until they reach an age deemed responsible enough to handle their inheritance
Avoiding Multiple State Probate Proceedings: For individuals who own property in more than one state, a living trust can be particularly beneficial.