Living Trusts ("Revocable Trust")
AN OVERVIEW OF LIVING TRUSTS
Don't wait another day to draft your Living Trust. The longer you do or the more you depend on a will to protect your loved ones, the more you jeopardize giving control of your assets to a probate court. A Living Trust ensures that your loved ones receive their inheritance when they need it most and as you planned, as well as eliminates the delay of probate. This simple, inexpensive legal alternative helps curtail estate probate charges and expensive attorneys' fees.
Not to mention, the Living Trust shortens the time it takes to distribute funds to your heirs. Its very presence makes it difficult to contest or overturn your wishes regarding the distribution of your estate. You can take comfort in knowing the Living Trust remains completely private, rather than a public document open to inspection and it can be amended whenever you change your mind.
Taking the time and the initiative to plan can help resolve many of the problems associated with a traditional will and after-death settlements. It's also important to know, if you become incapacitated, your successor trustee can handle your financial affairs without interference of a court appointing a guardian or conservator unfamiliar to you or your family.