The Importance of a Revocable Living Trust

What would happen to your estate if you passed away today? Have you planned ahead so your family isn’t left with the burden of probate? Did you also know that probate is a very expensive and time consuming process, but that it can be completely prevented?

Establishing a living trust is the best way to ensure your loved ones are not faced with probate. A living trust is one of the most important legal documents that you could have to protect your loved ones if anything were to happen to you. If you don’t already have one, here are a few of the many reasons why you should:

  • A revocable living trust gives you full control to manage your estate. You can distribute your assets throughout your lifetime, add property, bank accounts and other assets.
  • A living trust is private, whereas wills are public. If you only have a will, details regarding your assets and beneficiaries are made public.
  • Revocable living trusts are easy to create and manage. You can change or get rid of your living trust at any time during your life. They are also legal in every state so it can easily be moved with you if needed. (If you do move, be sure to consult with an attorney in your state to ensure you are fully protected)

If you want to ensure that your family, assets, and property are protected, you should consider getting a living trust today. Attorneys at Vanguard Legal Group are available to speak to you for free to discuss if a trust is right for you.

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