While it is true that the living trust may save some costs and time for probate, the living trust isn’t a panacea for several reasons. First, it is often much less expensive up front to make a Will. Although it may save probate costs later, a living trust is expensive soon. Why? Because it will probably be more.

Every state that has created one of trusts offers underlying goal of reading good money their particular state for the banking businesses. Alaska needed an origin of new investment within state. So, they allowed the formation of these trusts that offered unique protection. People want the longevity of the asset protection trust (999 years), the shield not wearing running shoes gives and the tax advantages, so they dump funds into Alaska.

Think of it. When the bank loans you money, is not the bank’s money