Asset protection is often important to many Massachusetts residents. Because they likely have worked long and hard to obtain their property, money and other assets, it is common for concerns to arise when it comes to the distribution of that property after death. Luckily, creating a revocable trust or other type of trust account could help individuals address their concerns.
A revocable trust, also known as a living trust, can help protect property from going through the probate process. As a result, family members may be able to save time and money when it comes to addressing the estate, and personal affairs are kept out of the public record as trusts are private accounts. Additionally, having a trust could potentially reduce the likelihood of family squabbles over inheritances.