This enables your beneficiaries to avoid the costs and delays of probate. Unlike with a will, if your property is held in the name of the living trust at your death, your property will pass to the beneficiaries named in the trust, outside of probate. The most important reason to have a living trust is to avoid probate. Finally, you decide how your property will pass at your death. You also name the beneficiaries, appoint a “successor trustee” to take over in the event of your incapacity or passing. You may amend or revoke your trust at any time. With a living trust, you, as the creator or “grantor” of the trust, maintain complete control over the trust and the assets in the trust while you are alive. What is included in our Foundational Estate Plan? Revocable Living Trust: Effective estate planning looks at all of the issues, from death and disability to long term care planning. Estate Planning is not just about what happens to your assets after you pass away. This is what we do for every family we serve. This is what the Estate Planning & Elder Law Firm can do for you.
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