Revocable Living Trust

Protect your assets, maintain control during your lifetime, and save your family from the time and expense of probate.

What Is a Revocable Living Trust?

A Revocable Living Trust is a legal entity created to hold ownership of your assets (real estate, bank accounts, investments). You act as the 'Trustee' and continue to use and manage the assets while you are alive. Because it is 'revocable,' you can alter or dissolve it at any time. Upon your passing, a named Successor Trustee distributes the assets directly to your beneficiaries, completely bypassing the public, expensive probate court process.

Living Trust vs. Last Will

While both manage how your assets are distributed, a Living Trust offers distinct advantages:

Living Trust

Avoids probate court
Remains completely private
Takes effect immediately (manages assets if you become incapacitated)
More difficult to challenge in court

Last Will

Must go through probate court
Becomes public record
Only takes effect after death
The only way to name a legal guardian for minor children

Best Practice: Use a Living Trust as your primary asset transfer tool, and accompany it with a "Pour-Over Will." This catches any assets you forgot to transfer into the trust before you died.

The Crucial Step: "Funding" the Trust

A Revocable Living Trust is useless if you do not "fund" it. After signing the trust document, you must officially transfer ownership of your assets into the trust's name.

Real Estate: You must execute a new deed (like a Quitclaim or Warranty Deed) transferring title from 'Your Name' to 'The [Your Name] Living Trust.'

Bank Accounts: You must instruct your bank to change the account ownership to the trust.

Vehicles: Depending on state law, you may need to update the title with the DMV.

Business Interests: Your LLC operating agreement may need to be updated to list the Trust as the member.

Set Up Your Living Trust

Generate a thorough, state-specific Revocable Living Trust document and avoid probate fees.

Create Trust