A living trust has advantages that a will cannot offer, so it is valuable to seriously consider acquiring or maintaining both. A living trust, or a trust set up during your life time as opposed to after your death, can be an important addition to your estate plan because it allows your estate to be settled more quickly, as assets in a trust do not have to go through a probate process. It also places someone in charge of your estate should you become incapacitated – an important consideration in the management of your investments. Read more here: http://time.com/money/3456629/living-trust-benefits-drawbacks/