Recently I heard that a living trust is not part of an estate. Is this true?
A Living Trust is used to transfer property to beneficiaries. But unlike a last will, a living trust is not usually subject to probate court. Consult a probate attorney with the specific facts of your case to determine how a living trust may or may not effect your estate.
Best of luck.******The above is for informational purposes only and does not create an attorney-client privilege.*******
Correct, property held by a Living Trust is not a part of one's probate estate. (Note that it is not enough to simply create a trust, property must actually be titled in the Trust name).