Thursday, April 23, 2015

The Advantages of a Revocable Living Trust


The Advantages of a Revocable Living Trust:

  • Trusts avoid probate, thus bypassing the court and often resulting in shorter periods of administration.
  • Trusts often are significantly less expensive to administer than probate estates.
  • Trusts provide for management of your assets during lifetime if you become incapacitated.  This may avoid a conservatorship, which is costly and involves court supervision.
  • Trusts are private documents.  Probated wills are a matter of public record, and can be viewed by anyone.
Trusts provide many choices and can be constructed for almost any situation.  

DWIGHT EDWARD TOMPKINS
Estate Planning Lawyer 

1 comment:

  1. My wife and I realized that we aren't getting any younger. We have made no headway on our estate planning, and we're scared that it might be too late. We don't know hardly anything about planning for this kind of thing either. We do know that we want some sort of trust to be in effect. http://www.titcomblawyer.com/services.html

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