The main benefit of a revocable living trust comes after you die and it’s time to pass your property on to inheritors. The property you pass through your living trust will give you a chance to ensure that your inheritors receive property more quickly, while at the same time giving your estate the ability to pass it more efficiently and with lower costs. The trust will also provide you, should you need it, certain benefits should you become incapacitated.
Topics covered in this report include:
- Revocable Living Trust Benefits
- Probate
- Incapacitation
- Funding
- Trusts as a Part of a Complete Plan
Click here to read the whole article or download the PDF.
- How Estate Planning for a Family May Trap the Unwary Practitioner - August 31, 2022
- State Income Taxation of Social Security Benefits - August 24, 2022
- Understanding Tax Apportionment Clauses - August 17, 2022