REVOCABLE LIVING TRUSTS

Why is a Revocable Living Trust recommended?   

A Trust prevents probate, protects your assets, saves time and keeps your financial records private. By transferring the assets into your Trust,  there will be no assets left in your name, and, therefore, no probate for your family to endure. Whomever you name as your successor trustee will immediately gain control of your assets to distribute them according to your exact instructions. 

Can a Will Protect your assets from probate?

If you have assets over $150,000, a Will does not prevent probate or its unnecessary delays or costs.

What happens if you do not establish your Living Trust?  How much does Probate cost?

          Probate costs thousands of dollars. Remember that every dollar that goes to pay probate is a dollar that is taken away from your family. Small estates are particularly vulnerable because even reasonable fees can eat up a large percentage of an estate's assets. Unfortunately, without a Trust, state law will dictate how your estate is to be distributed at death.

What A Living Trust Can Do For You

A Living Trust Eliminates a Living Probate

If you become disabled or are unable to manage your estate, your Living Trust package avoids the need for a court mandated conservatorship. The successor trustee you've named will step in and manage your affairs without government interference and expense.

A Living Trust Avoids Death Probate

With a Living Trust your assets will go directly to your beneficiaries after your death. There will be no probate attorney's fees or court costs. There will be no delay in distributing your assets, and all your estate planning goals will be completely private. In most circumstances, a Living Trust avoids death probate; however, there are exceptions.

A Living Trust Allows You to Restrict How Your Estate is Managed and Spent Even After Your Death

It can provide for the care, support and education of your children by turning over assets to them at an age chosen by you. Even insurance proceeds can be paid to the trust so your successor trustee can manage them for the benefit of your family.

A Living Trust Can Protect Children From Earlier Marriages

Both the surviving spouse and the children from a previous marriage can receive fair treatment and protection under the terms of your living trust.

A Living Trust Can Insure That Your Wishes Are Carried Out and Are Not Subject to Attack

Most living trusts contain a "No Contest Clause" which helps discourage greedy beneficiaries and their lawyers from successfully attacking your estate plan.

A Living Trust Gives You Peace of Mind

When your living trust is completed, you and your family will relax knowing that your estate will be managed and distributed by someone you have selected and trust.