Consider these reasons for a Living Trust:

1.  

   1. It bypasses court proceedings. No court supervises a Living Trust or calls for an accounting from the Trustee. It is a private agreement.

   2. It minimizes costs for various probate and related services. A Living Trust is distributed by THREE ANGELS BROADCASTING NETWORK (3ABN) at minimal cost. 3ABN charges no fee for administering the Trust. 3ABN is authorized to establish these trusts whenever a reasonable portion of the Trust estate benefits the work of the organization.

   3. It bypasses executor's commission on the value of the property in the Trust. The Trust is handled without cost by 3ABN Trust Department.

   4. It helps speed the transfer of probate assets. A Trust can be distributed quickly, unless there are special estate tax considerations or real property to be sold before distribution.

   5. It can be arranged to save tax dollars on estates over one million dollars, through an arrangement known as the "bypass" Trust.

   6. It assures privacy because a Trust does not become a public record like a Will. Many of our friends appreciate the privacy which is a characteristic of this Trust agreement.

   7. It can cover almost anything you own: land, buildings, stocks, bonds, savings, business interest, and vehicles.

   8. It does not change your right to sell any of the property placed in trust. In the case of real property, you simply receive from 3ABN a "Quit-Claim Deed" which transfers to you the right to sell the asset. This deed will be issued to you upon your request. If you purchase new property, you may simply transfer it into the Trust upon purchase.

   9. It is revocable, which means you can cancel your Agreement at any time.

   10. It can even handle things you own which are not in trust (such as future insurance payments), by having in your Will an arrangement known as the "pour over" clause. By this, anything covered in the Will is added into the Trust for distribution. The Will can thus be used to transfer anything of value and can distribute property according to the terms of the Trust.

1.  

   1. A WILL usually covers OTHER items besides your property and savings, such as guardian instructions for minor children, disposition of personal belongings, etc.

   2. A WILL covers property or money you may never know about.

1. You receive an attractive rate of interest, paid quarterly, on cash placed in the Trust. All income is available to you quarterly, or it can be left in the Trust to accumulate.

2. During your lifetime, the income from the trust assets belongs to you. Taxes, insurance, and maintenance of real property remain your responsibility — unless you instruct us to take care of these things for you from the trust income.

3. Trusts can be written jointly for a husband and wife, allowing the survivor to receive all benefits during his or her lifetime.

4. In the event you become ill or disabled, 3ABN can assume the management of the trust property on a temporary or permanent basis at your request.

5. The Revocable Trust is a flexible instrument. It allows you to adjust the trust terms as changes occur in your circumstances.

6. Additions can be made to the Trust at any time.

7. In an emergency, you can withdraw all or part of the cash and/or property by your request.

8. At death, expenses of probate and other court proceedings might be minimized and, in some cases, eliminated.

9. Waiting periods, sometimes required by law when property passes under a will, may be avoided.

10. There is helpful protection during a lasting illness. In some cases, a power of attorney is not valid if the person who gave the power becomes incapacitated. If you should become incapacitated and really need help with Trust property, help is immediately available from the trustee.

11. The Trust can name family members or others as beneficiaries, just as in a Will.