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The important benefits of a Trust is that it serves as a variety of crucial functions. These protective functions of a Living trust benefit you while you are alive, ill or unable to make proper cognitive decisions as well as when you have departed. That is why it is also known as a "living" trust. Wills can also be public and not define or have any legal application when you are alive. Living trust is completely private. With a Trust, probate can be avoided is more difficult to contest. Your Trust is assets are passed to heirs from a trust quickly. As mentioned earlier, think of the trust as a complete contingency plan for your life. Living Trust without a will can still avoid probate court. It is still highly recommended that you create a Will along with a Living Trust. A will can help support and strengthen the legitimacy of a Living Trust.