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A will forces your family through probate court, a costly process that mostly benefits creditors. A revocable living trust skips probate entirely, saving money and getting assets to heirs much faster.

A will forces your family through probate court, a costly process that mostly benefits creditors. A revocable living trust skips probate entirely, saving money and getting assets to heirs much faster.
Does a will require your family to go to probate court? The answer to that is yes. If all you have is a will, your family must take it to court to make it legally enforceable. Here's my take on wills. A will is like requiring your family to file a lawsuit against themselves that they will pay for only to benefit your creditors. The only people that will come out of probate court ahead are your creditors. Do your family a favor and die with a trust. A revocable living trust will bypass probate court completely. It will be much cheaper in the long run, and it will happen much, much quicker than they will ever get through probate court.

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