Living trusts can help you to avoid the probate process. When you create living trusts, assets that are held within the trust will not need to transfer through the probate process. Instead, the trust assets will be able to transfer through the trust administration process. The trust administration process is a quicker process that does not require the oversight of a probate court judge; no judge becomes involved unless there is a problem.
Trust administration makes the process of transferring assets more efficient, more timely, and more private. However, creating a living trust and transferring assets through trust administration and outside of probate does not mean that those assets won’t be part of the taxable estate, so it is important to understand the limitations of the protections that a living trust will provide. Find out more about how Vermont living trusts can help you to avoid the probate process.