Why You May Need a Revocable Living Trust
Everyone should have the basic documents to protect themselves and their family from the clutches of probate. However, you may also need to have a revocable living trust. A Living Trust is a collection of documents and instruments that keep your assets from going to probate. Instruments can include setting up a land trust, Limited Liability Corporation, etc. A revocable living trust is one of many types of trusts. The “living” aspect refers to the fact that the trust is created while you’re still alive (as opposed to a testamentary trust). “Revocable” designates the trust as one that you, the…
