What is a Revocable Living Trust and why might I need one?
https://will-and-trust.com//en/articles/revocable-living-trust
A Revocable Living Trust is a legal document that allows you to transfer ownership of your assets into a trust during your lifetime. You remain in control of those assets and can change or revoke the trust at any time. Upon your death, the assets in the trust are distributed directly to your beneficiaries without going through probate, which can save time, legal fees, and keep your estate matters private.
Key benefits:
- Avoids probate: Assets are passed directly to beneficiaries without court involvement.
- Maintains privacy: Probate records are public, but trust assets are distributed privately.
- Flexibility: You can change or revoke it at any time while you are alive and competent.
- Continuity: If you become incapacitated, your successor trustee can manage your assets without court approval.
When to consider one:
If you own real estate, have significant assets, or want to simplify the process for your heirs, a revocable living trust can be a valuable tool.
Learn more or create your trust here:
Start Your Revocable Living Trust