Revocable Living Trust:

A Revocable Living Trust can be used as a substitute for a will and provides a distribution of assets without court supervision or probate. Probate can incur fees and take quite a bit of time, so it is beneficial to avoid when possible.

With a revocable living trust arrangement you can transfer ownership of your property into a trust, which is then distributed by your trustee as per your instructions.

Benefits:

• You maintain total and complete control of your assets as long as you wish to
• Court supervision under probate is avoided, which can be expensive to your beneficiaries in terms of time and money
• The Living Trust can be changed or revoked to meet your personal needs over time while you are still alive
• Your estate will remain private within the trust document constraints
• The potential for family disputes is limited