For many, an important estate planning tool is a Revocable Living Trust. By titling property to a Revocable Living Trust, you retain the ability to use each asset as you normally would and provide clear instructions for the management and/or distribution when disability or death occurs.
A Revocable Living Trust can save lots of effort and money by avoiding competency courts and probate. It clearly defines how your assets should be managed or distributed during life and at death. It also names your successor trustee, who is charged with the responsibility of following your instructions.
Creating a Revocable Living Trust requires that you inventory all your appropriate assets and consider what you would like to see happen to those assets. With a carefully planned trust in place, you can rest easily, knowing that you have taken care of your property, people and philanthropic goals.
How This Benefits You
We believe most individuals should consider a Revocable Living Trust as a part of their estate plan. To help, we have prepared a special planning report A Guide to Revocable Living Trusts. Download your free copy by clicking the button below.