REVOCABLE LIVING TRUSTS
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What is a Revocable Living Trust?

A revocable living trust is a legal arrangement that allows a person (the grantor) to transfer ownership of assets into a trust during their lifetime while retaining control over them. The grantor can modify or revoke the trust at any time. Upon their death, the assets are distributed to beneficiaries without going through probate.

Why it's Important

A revocable living trust helps avoid probate, providing a faster and more private way to distribute assets. It also allows for seamless management of assets if the grantor becomes incapacitated. Since the trust is revocable, the grantor can make changes as needed. However, it does not provide protection from creditors or estate taxes.

From Draft to Distribution

Revocable Living Trust Process

  • 1 Creating the Trust – The grantor drafts a trust document outlining how assets should be managed and distributed.
  • 2 Transferring Assets – Property, accounts, and other assets are retitled in the trust’s name.
  • 3 Managing the Trust – The grantor serves as the trustee during their lifetime, maintaining full control.
  • 4 Successor Trustee Takes Over – Upon the grantor’s death or incapacity, the designated successor trustee manages and distributes assets according to the trust’s instructions.
  • 5 Beneficiaries receive their share – With a Revocable Living Trust, you decide when you beneficiaries receives their inheritance. You can specify different ages. You can even give authority to withhold a payment to a beneficiary if the beneficiary is facing legal troubles such as a lawsuit or a bankruptcy, or if the beneficiary has a substance abuse problem, The Trustee can ensure that your intent is carried out. If you only have estate planning documents prepared ahead of time, beneficiaries will revive tier share at 18, whether that would be a good idea or not.

How a Revocable Living Trust Benefits Homeowners

A revocable living trust helps homeowners protect and transfer their property smoothly while avoiding probate. By placing a home in a trust, the owner retains full control during their lifetime and ensures a seamless transfer to beneficiaries after death.

Why it's Important

A revocable living trust ensures that a home passes to heirs without probate, saving time and legal expenses. It also provides continuity if the owner becomes incapacitated, as the successor trustee can step in to manage the property without court involvement.

Protect & Transfer With Ease

Homeowner Benefits

  • 1 Creating the Trust – The homeowner sets up a revocable living trust and names a successor trustee.
  • 2 Transferring The Home – The home’s title is transferred to the trust, but the owner continues to live in and manage it as usual.
  • 3 Ongoing Control – The owner can refinance, sell, or remove the home from the trust at any time.
  • 4 Effortless Transfer – Upon the owner’s passing, the home transfers to beneficiaries without probate delays.

How a Revocable Living Trust Benefits Small Business Owners

For small business owners, a revocable living trust offers a structured way to manage and
transfer business assets without probate interruptions, ensuring business continuity.

Why it's Important

A revocable living trust prevents business operations from being stalled by probate, ensuring a smooth transition for employees, partners, or heirs. It also allows for easier management in case of incapacity, avoiding court-appointed guardianship over business decisions.

FAQs

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"The Process Was So Easy"

Finally, I decided to get my Will and Trust done. Andy Medina made the process so easy and took the time to explain all aspects of each part thoroughly. Thank you so much , Andy- what a pleasant experience! I definitely recommend it.

- Sam S.

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