Trusts are a very popular estate planning tool. Among its benefits are: 

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1. The avoidance of the courts and the probate process

2. Certainty as to which family member(s) will receive which asset(s) upon a loved one's passing

3. The value of your estate is kept private and the transfer of your assets is a private process (whereas probate proceedings are public record)

4. The ability to dictate what happens to your assets in times of illness or disability (whereas a will is only effective upon death) 

5. Trusts often provide significant tax benefits

 

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