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984-265-7800
Book Consultation
984-265-7800
Book Consultation
984-265-7800
Book Consultation
984-265-7800
A revocable living trust can reduce probate complexity, maintain privacy, and allow seamless management if incapacity occurs. By funding assets today and naming trusted successors, families avoid delays and court oversight. The flexibility to revoke or amend the trust keeps your plan aligned with evolving circumstances while protecting heirs from unnecessary cost.
A unified plan provides clear instructions, trusted fiduciaries, and durable powers of attorney that preserve control during illness or incapacity.
Our firm offers practical estate planning, local knowledge, and hands-on guidance. We work with individuals and families to design trust-based strategies that fit budgets and goals.
At death, assets are distributed per the trust terms, with attention to tax considerations and beneficiary preferences.
A revocable living trust is a flexible arrangement you control during life. It allows you to place assets into a trust, manage distributions, and revoke or amend the terms as circumstances change. At death, assets can pass to beneficiaries without probate for many types of property. It is not a separate tax shelter; income tax rules still apply to the assets held in the trust, and careful coordination with other estate documents helps maximize benefits while keeping administration simple.
A revocable living trust offers probate avoidance and ongoing management, while a will provides directions for asset distribution after death. Wills go through probate, which can be slower and less private, whereas trusts often keep matters private and can provide continuity if you become incapacitated.
This option is worth considering if you want to maintain control over assets, plan for incapacity, and simplify estate administration. It is particularly helpful for families with real estate in multiple states, blended families, or assets that would benefit from streamlined transfer.
Assets that are easier to place in a trust include real estate, bank and investment accounts, and valuable personal property. Some assets, like retirement accounts, may have beneficiary designations that remain outside the trust, so coordination with other plans is important.
If you become incapacitated, a durable power of attorney and an appropriate trust can allow a trusted individual to manage finances and make health care decisions. This arrangement reduces court intervention and helps ensure your preferences are followed.
The timeline varies with complexity, but a straightforward revocable living trust can take a few weeks to a couple of months from initial meeting to funded documents. The process can be faster when you have clear asset lists and beneficiary designations prepared ahead of time.
Costs depend on the complexity of the plan and the number of documents. We provide transparent pricing and a detailed scope of work at the outset, with anticipated timelines and potential ongoing review options for your trust.
A properly drafted revocable living trust can provide creditor protection for certain assets inside the trust, but many protections depend on the asset type and coordination with other planning tools. We review asset structure to minimize unnecessary exposure while meeting your goals.
Funding is essential for the trust to operate as intended. Without proper funding, assets may pass through probate rather than through the trust. We provide practical steps to transfer ownership and update beneficiary designations.
To start, contact our Dobson office for a consultation. We will outline your options, gather necessary information, and explain the process step by step. From there, we tailor a plan that fits your family’s needs and timelines.
