Download - 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
Click to visit:
organizeyourassets.com