Key advantages include probate avoidance, ongoing management during incapacity, privacy, and the flexibility to modify terms as circumstances change. In Cricket, a revocable living trust can simplify asset transfers for families with real estate, small businesses, or savings, while preserving ability to revoke or amend the plan as needed.
Having a single, well-documented set of instructions reduces ambiguity and helps trustees administer assets promptly, following your stated preferences.
Choosing our firm means working with a dedicated team that focuses on your goals, communicates clearly, and coordinates with professionals across financial planning, tax, and elder care.
Store documents securely and share access with trusted individuals. We provide guidance on where to keep originals and copies, and how to update informants when changes occur for peace of mind and easy retrieval.
A revocable living trust is a flexible, private tool that holds assets during your lifetime and passes them to beneficiaries after death. You retain control as trustee and can modify or revoke the trust at any time. Probate is often streamlined, and privacy is preserved.
Probate can be avoided when assets are titled in the name of the trust and income flows through the trust structure. The process in practice depends on the trust terms and local estate rules. Our firm provides clear guidance to set expectations and timelines.
Assets typically funded into the trust include real estate, bank accounts, investment accounts, and valuable personal property. Proper funding is essential to ensure the trust governs distribution and avoids probate delays. We help you organize and title assets correctly.
The trustee should be someone you trust to carry out your instructions. This could be a family member, a trusted adviser, or a professional fiduciary. We discuss duties, potential succession, and how to choose alternates to address incapacity or unavailability.
Yes. A revocable living trust can be amended or revoked at any time while the grantor is competent. Instructions for making changes should be included in the trust document, and funded assets should be updated to reflect new decisions.
Debts and taxes remain considerations in your overall plan. While a revocable trust can help manage distribution and privacy, it does not eliminate all tax obligations. We tailor strategies to balance tax efficiency with your family goals.
Regular reviews are wise, especially after major life events such as marriage, divorce, birth, relocation, or changes in assets. We recommend a scheduled check-in to ensure the plan continues to reflect your intentions and current law.
Funding real estate into a trust involves re-titling the property in the name of the trust and ensuring mortgage and title records reflect the new ownership. We coordinate with title companies and lenders to complete the transfer correctly.
Bring recent financial statements, lists of assets, estate planning goals, questions about succession, and any existing wills or powers of attorney. This helps us tailor a plan that fits your family and preferences.
