A revocable trust is the GPS of estate planning devices. Quite simply, it gets you where you want to go.
A will only comes into play when, quite frankly, you are dead. It requires an unnecessary and sometimes painful process to get court approval to do the simplest of things, like paying one’s mortgage and living expenses of your survivors.
Money and property placed in a trust do not require any court process to implement your instructions, pay your bills and transfer your assets. It is an alternate inheritance and planning method that you elect by simply creating a trust and transferring your money and property into it.
The trusts we design permit you to provide detailed instructions for the care of yourself while you are alive, and your family or close friends if you become seriously ill, injured or deceased. With your assistance, we’ll design the method and means for the care and upbringing of your children in your absence or if you become incapacitated. We’ve done exactly that for years to our client’s great delight.
In the trusts we design you don’t lose control of your money or property
It’s a simple approach. You name yourself as the trustee and designate others to take over if you are no longer alive or can’t manage your personal affairs. We’ll describe how you wish your money and property to be used, now and in the future, for you, your spouse, partner, children, charities and anyone else you care to include.
If you become seriously ill or injured, your successor trustees can step in, pay your bills, manage your personal and financial affairs and make decisions for you. You retain the right to change the terms of the trust or revoke it at any time during your lifetime.
Upon your death all your property remains assets of the trust. Nothing placed in the trusts we design will require a probate court filing process. Thus, you avoid the expense, public disclosure, and time involved in the probate process.