A revocable living trust provides privacy, avoids probate where possible, and enables you to designate trustees to manage assets if you become unable. Though it does not eliminate estate taxes, it can simplify transfers and help you coordinate guardianship and incapacity planning with wills and powers of attorney.
A unified approach reduces duplication, ensures assets are properly titled, and makes ongoing administration simpler for your family and trustees.
Choosing our firm means partnering with professionals who focus on thoughtful planning, clear communication, and personalized strategies tailored to your situation. We work with you to draft documents that reflect your values and adapt to changing circumstances.
We help you fund the trust by transferring ownership of assets, re-titling real estate and accounts to ensure the trust governs asset transfers.
A revocable living trust is funded by transferring assets into the trust, which allows the trustee to manage and distribute those assets according to your instructions. Funding should cover real estate, accounts, and intangible holdings to ensure comprehensive control. This process prevents delays and ensures smooth administration during life and after death.
A revocable living trust can avoid probate for many assets, but not all. Some assets pass directly by beneficiary designation or through title arrangements. If used properly, the trust can minimize court involvement while keeping your wishes private and more efficiently carried out.
You can serve as your own trustee, retaining control of trust assets during your lifetime. A successor trustee is named to step in if you become unable to manage affairs. This arrangement supports continuity and reduces disruption for your beneficiaries.
After death, the successor trustee administers assets according to the trust terms, distributing assets to beneficiaries while avoiding or reducing probate proceedings. Trust administration often proceeds more privately and efficiently than a will alone.
It is wise to review your revocable living trust after major life events or changes in assets, but at minimum every few years. Updating ensures your documents reflect current goals, family circumstances, and applicable laws.
Revocable living trusts do not automatically reduce estate taxes. They can, however, support overall tax planning when integrated with other strategies. Our firm helps you evaluate how best to balance privacy, control, and financial considerations.
A trust and a will both outline asset distribution, but a trust manages assets during life and after death, while a will handles asset transfer at death. A trust can offer privacy and avoidance of probate for many items, depending on funding.
Funding real estate into a trust requires a new deed naming the trust as owner. We guide you through title changes and ensure recordings with the local recording office to reflect the trust’s control over those assets.
Choose a successor trustee who is organized, trustworthy, and capable of handling finances and family dynamics. Many clients name a trusted family member or a professional fiduciary to ensure reliable administration if you become unable to manage the trust.
A revocable living trust works with a will, powers of attorney, healthcare directives, and beneficiary designations to coordinate your plans. This combination supports ongoing management, incapacity planning, and asset distribution consistent with your goals.
