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A living trust can help your beneficiaries avoid the expense and delay of probate. Probate can last three years and probate fees can eat up to 10% of your estate's value. A living trust also affords you more privacy than a will because you don't have to register it in probate court. A living trust may also help avoid certain estate taxes if properly prepared. Finally, a living trust allows you to designate someone you trust to manage your assets if you become incapacitated and are unable to manage them yourself.