Trusts are often an important part of an inheritance plan or estate plan. A trust can make it possible for assets to transfer through the trust administration process, which is a process by which money and property can be officially transferred to new owners outside of the probate process.
The trust administration process can be faster, more private and less costly than the probate process and it allows heirs or beneficiaries to inherit much more quickly. You should talk with an experienced attorney about whether trusts should be part of your inheritance plan so you can determine what the benefits of trust creation may be for you and your loved ones.
