Different Trusts Meet Different Needs in Your Estate Plan

in Asset Protection, Avoid Probate, Estate Planning, Pet Trusts, Revocable Living Trust, Wills & Trusts

There are a number of different types of trusts we use when doing an estate plan. Here is a bit of information about a few of the most common trusts. The Revocable Living Trust The primary trust we use in estate planning is the Revocable Living Trust (“RLT”). It is the foundation of most estate plans and has many benefits. It contains instructions for managing the assets in the trust during your life, upon your death, and if you become incapacitated. The RLT will also avoid the need for a probate court proceeding on your death. You can select the person(s) who...

23 May

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Different Trusts Meet Different Needs in Your Estate Plan

Posted by Libby Banks

in Estate Planning, Wills & Trusts

There are a number of different types of trusts we may use when doing an estate plan. Here is a bit about a few or the most common. The Revocable Living Trust The primary trust we use in estate planning is the Revocable Living Trust (“RLT”). It is the foundation of most plans and offers many benefits. Not only does it contain instructions for managing the assets in the trust if you become incapacitated, but it will also avoid the need for a probate court proceeding on your death. The person(s) you select will be able to step in quickly to gather,...

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Different Trusts Meet Different Needs in Your Estate Plan

Different Trusts Meet Different Needs in Your Estate Plan