Revocable Living Trust (call for cost)

Avoid probate and keep your financial affairs private.

Our Revocable Living Trust will help you avoid the long and costly probate process, keeping your financial and family affairs private! It will also help minimize state and federal death tax.

The revocable trust (also called a living trust) is set up while you are alive. Its primary purpose is to provide management of your assets if you become incompetent, and to divide your assets between your surviving spouse and heirs at death.  This type of trust can be changed at any time. In other words, if you have a second thought about a provision in the trust or change your mind about who should be a trust beneficiary or even trustee, you can modify the terms of the trust.

Why a Revocable Living Trust?

Since assets funded into the trust are still considered your own personal assets (for liability and tax purposes), why would you use one? Three important reasons:

  1. To plan for mental disability - assets held in the name of a Revocable Living Trust at the time a person becomes mentally incapacitated can be managed by their Disability Trustee instead of by a court-supervised guardian or conservator, which gives you control vs turning it over to the government.

  2. To avoid probate - assets held in the name of a Revocable Living Trust at the time of a person's death will pass directly to the beneficiaries named in the trust agreement and outside of the probate process.

  3. To protect the privacy of your property and beneficiaries after you die - By avoiding probate with a Revocable Living Trust, your trust agreement will remain a private document and avoid becoming a public record for all the world to see and read. This will keep the details about your assets and who you have decided to leave your estate to a private family matter. Contrast this with a Last Will and Testament that has been admitted to probate - it becomes a public court record that anyone can see and read.