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.
DWIGHT EDWARD TOMPKINS
Estate Planning Lawyer