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Estate Planning and Administration Group:
Revocable Living Trusts |
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The Revocable Living Trust is one of the most commonly used estate planning instruments. As the name suggests, this type of trust is established during lifetime, with its creator retaining the power to revoke at any time prior to death. The assets transferred to the trust will be owned and managed by your designated trustee. Nevertheless, you or your chosen beneficiaries can maintain possession and continue to enjoy the benefits of the trust assets during your lifetime. Upon your death, the trust assets can either be distributed to your beneficiaries or held in further trust for their benefit.
These trusts serve important purposes, including avoiding the probate process and providing for the management of your assets. Our Estate Planning attorneys are experienced in creating revocable trusts to help you to achieve your estate planning objectives. We can help you decide if one is right for you.
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