A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die. Most living trusts are “revocable” because you can change them as your circumstances or wishes change. Revocable living trusts are “living” because you make them during your lifetime. 

Among the chief advantages of trusts, they let you:

·        Put conditions on how and when your assets are distributed after you die;

·        Reduce estate and gift taxes;

·        Distribute assets to heirs efficiently without the cost, delay and publicity of probate court. Probate can cost between 5% to 7% of your estate;

·        Better protect your assets from creditors and lawsuits;

·        Name a successor trustee, who not only manages your trust after you die, but is empowered to manage the trust assets if you become unable to do so.

Also Included:

• Living Will Declaration
• Last Will and Testament
• Durable Power of Attorney for Health Care

• General Durable Power of Attorney for Property and Finances

  
  

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