Revocable living trusts provide privacy, avoid probate, and offer flexibility to modify or revoke. They help manage assets during incapacity with a trusted successor, streamline family gifting, and reduce ongoing court costs. By starting with a clear plan, Leonardtown families can preserve wealth and maintain control.
A funded revocable living trust can keep your affairs private and avoid the delays and costs associated with probate, ensuring a smoother transition for your heirs and a more private settlement.
We emphasize clear communication, transparent pricing, and practical guidance. Our approach focuses on understanding your goals, simplifying complex concepts, and delivering documents that reflect your intent and protect your family.
We arrange periodic reviews and updates so your trust remains aligned with evolving laws and personal circumstances.
A revocable living trust is a flexible estate planning tool that you control during life. You can amend or revoke it as circumstances change. It helps you direct how assets are managed and distributed while providing a framework that can simplify administration after death.
Yes, a properly funded revocable living trust can help avoid court probate for assets placed within the trust. However, assets not funded or owned outside the trust may still be subject to probate, so thorough funding is essential.
The trustee can be a trusted family member, a professional fiduciary, or a combination. Selecting someone reliable who understands your goals is key, and you can designate alternates to step in if needed.
Funding typically includes real estate, bank accounts, investment accounts, and other titled assets. Transfers should be completed with updated titles to ensure the trust governs ownership and distributions.
Yes. A revocable living trust is designed to be flexible. You can amend terms, add or remove assets, change beneficiaries, or revoke the plan entirely as your life circumstances evolve.
Incapacity planning provisions appoint a trusted successor who can manage assets and make decisions in line with your wishes, ensuring continuity without court intervention where possible.
The timeline varies, but a typical setup can take several weeks to a few months, depending on asset complexity and how quickly information is provided for drafting and funding.
Costs depend on asset scope and plan complexity. We provide transparent pricing and discuss options upfront, so you know the investment required to implement and maintain your trust plan.
Estate tax planning can be integrated into a revocable living trust, especially for larger estates. We review whether additional strategies are appropriate based on your total assets and beneficiaries.
We recommend annual or biennial reviews, or sooner after major life events. Regular updates ensure the trust remains aligned with your goals and with any changes in laws or asset holdings.
