REVOCABLE LIVING TRUST: HOW TO SETUP AND WHAT ASSETS TO INCLUDE AND NOT INCLUDE IN IT
You’ve probably heard of a revocable living trust, and you know that it’s something essential to have, but you’re not sure what it is or why you need one.
Is a Revocable Living Trust?
A living trust can help you manage your
if you become ill, disabled, or incapacitated. It also allows you to set details on asset distribution after your death.
What Are Revocable Living Trusts Used For?
Revocable Living Trusts are valuable tools to have in your estate planning arsenal.
Example of a Revocable Living Trust for a Couple
For example, a couple establishes a revocable living trust so that they each serve as joint Trustees and Beneficiaries.
The Benefits of a Revocable Living Trust
- Flexibility To Change - Can Avoid Probate - Privacy
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