Advocate S.K.Prabhakar Shetty practices at City Civil Court Bangalore, Karnataka High Court, Karnata... Read More
Advantage of Trust
What are the advantages and disadvantages of using a trust over will?
- Sector-1, Noida
A trust may take longer to create than a will and can be more expensive. This is because trusts are usually more complicated than a basic will. However, in many situations, a trust can save money in the long run. When you compare the cost of a will with the cost of a trust, also consider whether your estate will have to go through probate and look into how much that may cost. You may find that using a trust to avoid probate is well worth the cost of making a trust. You can do this research yourself using the internet and good self-help books, or an estate planning lawyer can walk you through both options.
Answered on 28 Sep 2018
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