Assets left in a will must go through probate, a court process that can take years and cost thousands before beneficiaries get anything. A living trust lets you skip probate entirely and transfer assets directly to heirs.
I don't know who needs to hear this, but if you are being left something in a will, you need to know about this. When you leave something in a will, it will go through probate when you die. 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, like make sure that 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. 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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