Revocable Living Trusts - A Snapshot
Basic Advantages of a Revocable Living Trust
Easily changed
You retain total control
Not a separate tax entity
Creates one receptacle for all of your property
Is Private & Confidential
Simple to create and maintain
Avoids the Cost of Probate
Offers Estate Tax Savings Opportunities
Avoids Probate Court
Provides continuity in your affairs
Smooth transition without court involvement
Valid in every state
Difficult to contest
Provides guidelines during life and incapacity
Includes comprehensive planning for disability