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BENEFITS OF A REVOCABLE LIVING TRUST
The primary purpose of a revocable living trust is to manage and distribute assets during your lifetime and after you die, and keep your assets private without going through probate.
Some of the benefits of a trust are:
- Control and Flexibility: The grantor retains control over the trust assets and can amend or revoke the trust at any time during their lifetime.
- Trustee: The grantor retains control over the trust assets and can amend or revoke the trust at any time during their lifetime.
- Incapacity and Death: If the grantor becomes incapacitated, the successor trustee can manage the trust assets according to the trust’s terms. Upon the grantor’s death, the trust becomes irrevocable, and the successor trustee distributes the assets according to the trust document.
