What is a Revocable Living Trust?
Simply stated, a Revocable Living Trust
is a trust that you create while you are alive,
which you can revoke (cancel) or change at any time. Revocable Living
Trusts are used to avoid probate, plan for incapacity,
make provisions for management of your estate for your
spouse and young or disabled children, and to reduce or
in some cases, avoid estate taxes.
Why Do I Need a Revocable Living Trust?
A revocable living trust is the
cornerstone of any estate plan. There are several advantages to creating
one. A revocable living trust avoids the need for probate,
along with its high fees and delays. It provides an efficient
means of distributing your assets upon your death and provides
a way of avoiding a court-ordered estate conservatorship
if you become incapacitated. It can also reduce your estate
taxes. Thousands, and sometimes hundreds of thousands,
of dollars can be saved by using the revocable living trust.
Serving Fremont, Newark, Union City
and Hayward, California
Disclaimer: The content
of this website has been created by Kisner Law Firm for
general informational and advertising purposes only. No
attorney-client relationship is established between Kisner
Law Firm and any reader who views the contents of this
website. The information provided is only a general statement
of the laws and regulations of California and is not intended
to be, nor does it constitute, legal advice. No one should
rely on the information provided by this website without
first obtaining legal advice from an attorney in their
jurisdiction.
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KISNER
LAW FIRM - ESTATE PLANNING & ELDER LAW ATTORNEYS
