A revocable living trust provides flexibility, privacy, and avoidance of probate for many assets. It allows you to name a trusted successor, manage property during life, and adapt to changing family circumstances. By coordinating with an estate planning attorney in Lanham, you can reduce court involvement and ensure a smoother transfer to heirs.
A well-structured revocable trust keeps details out of public probate records while enabling you to preserve control over distributions and responsibilities. This arrangement provides peace of mind that your wishes remain protected and clear over time.
Our firm combines local accessibility with comprehensive estate planning knowledge. We take the time to understand your goals, explain options in plain terms, and provide a plan you can update as life changes. You’ll work with attorneys who prioritize clarity and results.
A final review confirms documents are complete, asset transfer is funded, and each step aligns with your goals before signing.
A revocable living trust is a flexible tool that lets you manage assets during life and distribute them after death according to your instructions. You retain control and can modify terms as circumstances change. This structure also helps protect your privacy and potentially streamline probate.
A will directs asset distribution and handles contingencies not funded into a trust. If you have a trust, a pour-over will ensures any assets not previously transferred are moved into the trust upon death. This provides a cohesive plan and avoids gaps in coverage.
Setup time varies with complexity and funding. A straightforward trust with minimal assets may take a few weeks, while more complex plans involving real estate or business interests can extend planning. We guide you through each step to keep you informed.
You should fund accounts, real property, and investments into the trust. Funding ensures assets are controlled by the trust and distributed according to its terms. We help organize titles, beneficiary designations, and transfers efficiently.
If you become incapacitated, powers of attorney and trust provisions determine who can manage finances and make health decisions. This coordination helps protect your interests and provides continuity while preserving your preferences.
Yes. A revocable living trust can be amended or revoked at any time while you have capacity. We update the document to reflect changes in your family, assets, or goals, ensuring ongoing alignment with your wishes.
A trust provides privacy, probate avoidance for funded assets, and flexibility, whereas a will generally requires probate and becomes a matter of public record. Combining both tools often yields the most coherent strategy for your family.
Review your plan at least every few years or after major life events such as marriage, divorce, birth, or relocation. Regular updates help ensure your documents reflect current laws and your evolving goals.
