A valid revocable living trust that is in existence when a person passes away may help avoid many of the pitfalls that are associated with probate. Since the decedent does not technically own their property, as it is in the name of the trust, they will have little in their end-of-life estate that needs to be evaluated by the probate court. More benefits exist to executing living trusts that readers may wish to discuss with their estate planning attorneys.
Creating a revocable living trust requires a creator to follow certain legal parameters. Although they can be of great value, living trusts should be established with the help of legal professionals who know the importance of setting them up the right way.
