Living Trust
An Overview of Revocable Living Trusts
A Revocable Living Trust is usually the essential foundation of any estate plan. One of the most important features is that it can help you avoid the substantial cost and time of going through Probate. A Living Trust is a legal document that allows you to determine how your assets will be managed upon your death or incapacity. It also provides for the efficient distribution of your estate to your loved ones, including providing appropriately for minor children. A Revocable Living Trust Portfolio will also include important related documents such as a Pour-Over Will, Durable Power of Attorney, Advance Health Care Directive, Instructions for retitling assets, and simple instructions for settling a trust estate without the need for probate.