The disadvantage of a living trust is that it is an ongoing process which requires paperwork and travel for the initial setup, as well as yearly maintenance to keep the trust current.Another advantage a will has over the living trust in regards to the amount of work required to maintain it is that once a person dies, the will is executed; whereas a living trust can continue after the grantor dies depending on the wording of the trust. Last, a living will does not need to be registered by law as living trust does need to be registered in some states.An advantage to the grantor in creating a will is that the courts supervise the executor’s job. This leads to more effective handling of the estate whereas a trustee of a living trust has almost free reign and he or she could be incompetent or unreliable to run the estate without any recourse.The ability to make changes is more advantageous with a living trust.
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