A Revocable Living Trust is an incredibly powerful tool that can be used in many different ways. One of the primary uses for a Revocable Living Trust is to avoid going through the Probate process. Probate can be time-consuming, expensive, and emotionally draining.
By having a Revocable Living Trust in place, you can avoid probate altogether. Additionally, Revocable Living Trusts can also be used to protect assets from creditors. If your beneficiary has financial problems or makes poor choices, their creditors will not be able to go after the assets in the trust.
Revocable Living Trusts are also an excellent way to ensure that your spouse and children are taken care of after you're gone. You can use a revocable living trust to plan for incapacity and ensure that your loved ones are provided for in the event of your death. In many ways, a revocable living trust is the best estate planning tool available.
Who makes financial decisions for you if you can't?
Who makes medical decisions for you if you can't?
Who protects and cares for your children if you can't?
Who benefits from your assets, and how, and when?