• Skip to primary navigation
  • Skip to main content

Krueger Hernandez & Thompson SCEstate

Attorneys at Law

  • Home
  • Our Firm
    • About Our Firm
    • About The American Academy
    • Attorney and Staff Profiles
    • Communities We Serve
      • Adams County
      • Columbia County
      • Dane County
      • Madison
      • Sauk County
  • Estate Planning
    • Asset Protection & Business Planning
    • ESTATE AND GIFT TAX FIGURES
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Practice Areas
    • Business Needs
    • Divorce / Family Matters
    • Real Estate
  • Resources
    • Estate Planning Resources
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • Frequently Asked Questions
      • Estate Planning FAQ’s
      • Frequently Asked Questions for Families Without an Estate Plan
      • Legacy Wealth Planning FAQ’s
      • LGBTQ Estate Planning Frequently Asked Questions
      • Trust Administration & Probate Frequently Asked Questions
    • LGBTQ Resources
    • Pre Consultation Form
    • Special Needs Resources
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • The Mourner’s Bill of Rights
      • Trust Administration & Probate Definitions
      • When a Loved One Passes Away With a Trust
      • When a Loved One Passes Away With a Will
  • Testimonials
    • Review us
    • Our Testimonials
  • Blog
  • Contact Us
  • Call Us Today (800) 431-9776
  • ATTEND FREE WEBINAR
    • Medicaid Planning
    • Estate Planning
  • Show Search
Hide Search
Home / living trust / Should you Create a Trust? Consider the Benefits

Should you Create a Trust? Consider the Benefits

Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC · Apr 17, 2015 ·

create a trustMany pages of our website are dedicated to trusts, trust administration, and related topics.

There is a myth that only the “rich and famous” can benefit from creating a trust. This is not true. In fact, more and more people are considering what this can do for them while they are alive, as well as the benefits to their family members upon passing away.

If you are unclear regarding the benefits of a trust, we are here to help. Since everybody is in a different situation, it is best to contact us for a consultation. At that point, we can discuss the finer details of your finances, your goals, and what you hope to gain by creating a trust.

For the time being, let’s review three of the many benefits of creating a living trust:

  1. Helps your loved ones avoid probate. With a will, your estate is forced to go through probate. With a living trust, however, this is not true. As a result, your estate is distributed in a timely and efficient manner.

Remember, probate can drag on for many months or years. Why risk this?

  1. Save money. There is no denying that the creation of a living trust will almost always cost more than a will. But remember, this will actually save your estate money over the long run.

In short, you have to think about the long term financial implications of a living trust.

  1. Privacy. A living trust is not made public once you pass away. With a will, however, everything is public record. If you are concerned about your privacy, even after your death, a trust is a must.

With these benefits in mind, you should have a better idea of whether a living trust makes sense for somebody in your position. If nothing else, you should compare the pros and cons to ensure that you are making the right decision.

  • Author
  • Recent Posts
Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC
Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC
As the owner of Krueger Hernandez & Thompson SC, it is Stephanie’s mission to address each client’s goals for their estate plan. By identifying their wishes and concerns she can educate, guide, and counsel on the different tools and options that will effectively and efficiently accomplish those goals.
Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC
Latest posts by Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC (see all)
  • Spring Summit 2022: Celebrating Friendship in the Lone Star State - June 15, 2022
  • What Makes a Will or Trust Invalid - June 2, 2022
  • How Estate Planning Documents Help Prevent Elder Abuse - May 26, 2022

living trust

Blog subscription

MIDDLETON

8215 Greenway Blvd, Ste. 590
Middleton, WI 53562
United States (US)
Phone: (608) 824-9540
Fax: (608) 824-9140

BARABOO

120 Third Street, Unit A
Baraboo, WI 53913
United States (US)
Phone: (608) 356-3961
Fax: 608-824-9140

By Appointment Only
All Mail Should be Directed to the Middleton Address

Opening hours

Monday7:00 AM - 5:30 PM
Tuesday7:00 AM - 5:30 PM
Wednesday7:00 AM - 5:30 PM
Thursday7:00 AM - 5:30 PM

Map

map for Krueger Hernandez & Thompson SC Estate ofice

  • Facebook
  • LinkedIn
  • Twitter

© 2022 · American Academy of Estate Planning Attorneys, Inc. | Disclaimer | Privacy Policy | Sitemap | Contact Us