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New Mexico Living Trust Form

New Mexico Living Trust Form

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Instructions and help about New Mexico Living Trust

a living trust also known as a revocable trust essentially provides for the probate of your estate before you pass allowing you to avoid probate as well as the costs associated with it this is accomplished by transferring your assets into the name of the trust while you are alive and directing the trustee to transfer it upon your death to your desired beneficiaries as a practical matter you can retain the use and control of the trust property while you are alive and can revoke the trust at any time during your life there are many advantages to setting up a living trust such as avoiding probate faster distribution of the estate greater privacy and the additional planning for future disabilities on average a living trust is more expensive than a will however a trust can save time and distribution of the assets and eliminates the expense of probate

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