A revocable living trust can be a very good alternative to a last will as a vehicle of asset transfer. This is because these trusts enable probate avoidance. Probate is a legal process that your estate must pass through before the assets that comprise the estate are distributed to the heirs. If you use a revocable living trust to arrange for the transfer of your assets rather than a last will, probate expenses can be avoided. The time lag will be avoided as well, because assets can be transferred by the trustee to the beneficiaries in a timely manner outside of probate.
Topics covered in this report include:
- Revocable Living Trusts Enable Probate Avoidance
- Probate & Asset Protection
- Effective Asset Protection Vehicles