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Assets in a will go through probate, a court process that's slow, costly, and confusing. One case took three years. A living trust bypasses probate entirely and transfers assets directly to beneficiaries instead.

Assets in a will go through probate, a court process that's slow, costly, and confusing. One case took three years. A living trust bypasses probate entirely and transfers assets directly to beneficiaries instead.
I don't know who needs to hear this, but if you are being left something in a will or you're writing a will to leave to your kids, you need to know about this. When you leave something in a will, it will go through probate when you die, or if that person dies who's leaving it to you. And probate is a legal process basically sorting out like who the heck gets what, which sounds confusing because obviously when you leave things in a will, you think that the person that you left the thing in the will to will get the thing. But that's not how it works when it's in a will. Basically, it goes through the courts to like make sure that that person's debts have been paid off, and then like whatever's left, they get to essentially like divvy up. And it can obviously be expensive and insanely time-consuming. I made a couple videos about this a couple months ago, and somebody told me that they've been in probate for 3 years. 3 years. So even if you were left this piece of property to like eventually sell and then make a profit off of it, you can't do that until probate is over. So the solution to all of this is basically to have a living trust.

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