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Video: What benefits does a trust offer?

The benefit of a trust is that it is a private agreement that avoids probate. Probate is the process where assets are distributed after someone passes away and through a trust you avoid that process, and keep the documents or the assets in the trust private. Only the parties to it and the beneficiaries are aware of what those assets are. This way it maintains privacy and is cheaper and more efficient as it doesn't need to go through the courts.