Living Trusts transfer property to your family and friends privately with less expense and complexity than a Last Will and Testament. Trust assets pass to your family and friends without the need for the complexity of Probate or going to Probate Court and letting an impersonal judge decide who gets what when.
Trusts
- Avoid Probate
- Saves your family and friends money and time
- Keeps your business and personal affairs private
Flexibility
Revocable Living Trusts are extremely flexible. You can change (amend) or end the trust at any time you want. You can add property, take property out, transfer property, add beneficiaries, remove beneficiaries, change trustees, sell, give, and borrow against trust property.
If you become unable to manage your affairs during your lifetime, the successor trustee steps in and manages the property for you and for your benefit.
And, when the time comes, the successor trustee will transfer the property to your family and friends as stated in the trust document. The courts will not have to be involved. The terms of your trust will remain private and not be in the public record.
Learn a LOT more about the Revocable Living Trust
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