Why Is a Living Trust Better Than a Will?

A last will is a very limited estate planning device, and there are also some drawbacks that go along with the utilization of a last will. First, let’s look at the drawbacks. Time Consumption and Money Lost You probably would like your loved ones to receive their inheritances in a timely manner after you are gone. This will not happen if you use a last will to facilitate the distribution of your personally held property. When you use a will as your asset transfer vehicle, you name an executor when you create the document. This is the person who will handle the business of the estate after your passing. The executor cannot follow your instructions and distribute inheritances independently. Under the laws of the state of Connecticut, the executor would be required to admit the will to probate. During the probate process, the court would supervise the administration of the estate. This process can consume a great deal of time, and the inheritors that are named in a last will must wait
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