You don’t lose control of the assets in the trust while you are living, but after you die, the resources are distributed among the beneficiaries outside of the probate process.
Revocable living trusts are very useful for people who want to facilitate fast and efficient postmortem asset transfers. You don’t lose control of the assets in the trust while you are living, but after you die, the resources are distributed among the beneficiaries outside of the probate process.
Click here to read the whole article or download the PDF.
- How Do You Leave an Inheritance to Minor Children? - March 28, 2023
- These Celebrity Estate Planning Mistakes Can Be Instructive - March 9, 2023
- Is There a Person With Special Needs on Your Inheritance List? - February 21, 2023