Living Trusts

A Revocable Living Trust is an estate planning document which allows an individual to direct another person (the Trustee) to distribute property upon their death, according to specific wishes.

Unlike a Last Will, a Revocable Living Trust is not probated and does not become public record. In addition to avoiding the time and expense of the court proceedings, the benefits of a revocable living trust are numerous: they ensure your financial affairs remain private (as court records are open to the public and Last Wills are required to be file and are made public record); they allow an individual to retain control over their property while they are still alive; they can incorporate planning for when and if you become incapacitated; and they sometimes result in estate tax savings.

Before drafting any estate planning documents, you should contact an experienced elder law attorney who can advise you on the advantages and the pitfalls living trusts.