why would i want a revocable living trust

WHY WOULD I WANT A REVOCABLE LIVING TRUST?

Estate PlanningOPTIONS

You have options when you are planning your estate

Many people assume that they should use a last will, but a will is not always the best choice

ADMINISTRATIONEstate

When you use a will to transfer assets, the will must be admitted to probate after you

die

The heirs to the estate do not receive their inheritances until

after the estate has been probated by the court

and MoneyTime

The probate process can get lengthy

Simple cases will take a number

of months

Complicated cases can be stalled in probate for years

There are also some considerable expenses that can accumulate

during probate

AvoidanceProbate

It is possible to facilitate asset transfers outside of probate

The revocable living trust is a very useful probate avoidance

tool

OngoingCONTROL

You maintain control of the assets that you convey into a revocable living trust while you are living

After you pass away, the trustee that you choose distributes assets to the beneficiaries

These distributions would not be subject to the probate

process

INCAPACITY PLANNING

Revocable living trusts are also useful for incapacity planning

purposes

When you create the trust, you name a disability trustee

This person or entity would be empowered to administer the

trust in the event of your incapacitation

LEARN MORE ABOUT REVOCABLE LIVING

TRUSTS

In this presentation we have provided some basic information

If you would like to learn more about revocable living trusts, contact our firm to request a

consultation

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organizeyourassets.com