Revocable Living Trust
Secure Your Future with a Revocable Living Trust
What is a Revocable Living Trust?
A Revocable Living Trust is a legal arrangement that allows you to manage your assets during your lifetime and distribute them after your death. Unlike a will, a revocable living trust allows you to maintain control over your assets while providing flexibility and privacy in your estate planning.
Benefits of a Revocable Living Trust
1. Avoid Probate
With a revocable living trust, your assets can bypass the lengthy and costly probate process, allowing for a quicker and more private distribution to your beneficiaries.
2. Maintain Control
As the trustee of your own revocable living trust, you retain full control over your assets. You can modify, add, or remove assets at any time, ensuring your estate plan evolves with your changing needs.
3. Privacy Protection
Unlike wills, which become public record through probate, a revocable living trust keeps your financial affairs private, protecting your family’s confidentiality.
4. Incapacity Planning
A revocable living trust includes provisions for your care if you become incapacitated. Your designated successor trustee can manage your assets on your behalf, ensuring seamless continuity.
5. Flexibility
This type of trust is highly flexible, allowing you to make changes or even revoke the trust entirely if your circumstances or wishes change.
How Does a Revocable Living Trust Work?
- Creation: You create the trust and transfer ownership of your assets into it. You become the trustee, managing the assets as usual.
- Management: During your lifetime, you manage the trust assets as the trustee. You can continue to buy, sell, or use your assets as you normally would.
- Incapacity: If you become unable to manage your assets, your designated successor trustee steps in to manage the trust according to your instructions.
- Distribution: Upon your death, the successor trustee distributes the assets to your beneficiaries according to the terms of the trust, without going through probate.
Why Choose Vault Estate Planning?
At Vault Estate Planning, we simplify the process of creating a revocable living trust, ensuring it aligns perfectly with your unique needs and goals. Our experienced attorneys provide personalized guidance every step of the way, from drafting the trust to transferring your assets into it.
Get Started Today!
Protect your assets, maintain control, and ensure your wishes are honored with a revocable living trust.