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Does a living trust avoid probate in CT?

One of the primary benefits of a living trust in Connecticut is that the assets in the trust pass to your beneficiaries without going through probate, the court process through which a will is proven.

What is a living trust in Connecticut?

A living trust is a trust established by a person during his lifetime which becomes effective during his lifetime (as opposed to a testamentary trust which is established by a persons will and takes effect upon his death). A living trust can be revocable or irrevocable.

What is the difference between a revocable and irrevocable living trust?

A revocable trust can be changed at any time by the grantor during their lifetime, as long as they are competent. An irrevocable trust usually cant be changed without a court order or the approval of all the trusts beneficiaries. This makes an irrevocable trust less flexible.

What are the disadvantages of a living trust?

Drawbacks of a living trust The most docHub disadvantages of trusts include costs of set and administration. Trusts have a complex structure and intricate formation and termination procedures. The trustor hands over control of their assets to trustees.