Using a Revocable Living Trust to Avoid Probate

If you want to avoid it probate, the trust is a tool that you might want to consider using. Setting up a revocable living trust can allow you to keep your assets out of probate and get them to the beneficiaries that you desire.

Revocable Living Trust

With a revocable living trust, you are going to be able to move your assets into the ownership of a trustee. At that point, the assets are not necessarily being owned by you anymore. You will still have free access to the assets while you are alive, but the assets are going to be owned by the trust. This means that those assets will not have to go through the probate process whenever you pass away. With a revocable living trust, it can be altered later on if you want to.

Setting up a Trust

In order to set up a revocable living trust, you should consult an estate planning attorney. This is a fairly complicated process and you are most likely going to need the help of a professional. Once you set up the legal entity of the trust, you will have to transfer ownership of your assets over to the trust.

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