REVOCABLE LIVING TRUSTS
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
If you have assets over
$150,000, a Will does not prevent probate or
its unnecessary delays or costs.
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.
A Living Trust Can Do For You
Living Trust Eliminates a Living Probate
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.
Living Trust Avoids Death Probate
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.
Living Trust Allows You to Restrict How Your Estate is Managed and Spent
Even After Your Death
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.
Living Trust Can Protect Children From Earlier Marriages
the surviving spouse and the children from a previous marriage can
receive fair treatment and protection under the terms of your living
A Living Trust
Can Insure That Your Wishes Are Carried Out and Are Not Subject to
living trusts contain a "No Contest Clause" which helps
discourage greedy beneficiaries and their lawyers from successfully
attacking your estate plan.
Living Trust Gives You Peace of Mind
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.