Creating a revocable living trust keeps heirs out of probate court and ensures financial data stays private. With a revocable living trust, generally, you are both the trustee and beneficiary. You control assets and can change terms of the trust at any time. You name a successor trustee to manage and distribute assets when you die or in the event you become incapacitated. However, a revocable living trust does not (1) save income or estate taxes or (2) protect assets from creditors. Also, a living trust does not replace a will.
Contact Jerry Miles or Steve Buel about estate planning and accomplishing your goals.