A resident of Newport, CA, Richard T. Howard has had a successful career as a trust management expert. In the course of his career, he has won five top sales awards from the Thomas Publishing Company, a Thomas Register based in New York City. Richard T. Howard of Newport, CA, is the owner and trustee of CDAMT, a firm he uses to advise his clients about how to utilize and benefit from trusts such as living trusts.

A living trust is considered an effective strategy for handling an individual’s assets, assuming it gives clear directions on how assets should be disbursed after death, and who the beneficiaries are. Using a living trust, individuals enjoy greater control over their assets and can ensure their wishes will be executed after they die. Basically, a living trust is all about better control over an individual’s assets, both when they are alive and deceased. So, who should consider having a living trust?

Individuals who own property in another state can benefit from a living trust, as can grantors who have disabled beneficiaries. People who want to create other trusts inside a living trust that are not required to be supervised by a court can also benefit. Individuals who fear they might become disabled and that their decisions might be influenced can also be protected by this type of trust. Finally, those who live in states with costly and time-consuming probates may want to consider a living trust.