Dear Liz: Is naming a beneficiary for a nonretirement, “payable on death” account as effective as putting the account in a living trust? It seems easier than doing all the paperwork each time I open ...

A living trust often allows you to forego the probate process, which can be time-consuming. There is more privacy involved with a living trust than with a will. Creating a will can be a more ...

A living trust can be modified while the trustor is still living. Using a living trust helps people avoid the probate process. A will may be the better option for people with simple estates. Living ...