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Jan 19, 2026
Type Revocable Living Trust
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Revocable Living Trust: Secure Your Legacy
Welcome to the world of Revocable Living Trusts! This feature is designed to give you peace of mind and security when it comes to managing your assets and estate.
Key Features:
Allows you to retain control over your assets during your lifetime
Enables efficient transfer of assets to beneficiaries after your passing
Flexibility to make changes or revoke the trust at any time
Potential Use Cases and Benefits:
Avoids probate process, saving time and money for your heirs
Maintains privacy as the trust is not a matter of public record
Provides protection in case of incapacity
Ensures smooth transfer of assets according to your wishes
By opting for a Revocable Living Trust, you are taking proactive steps to secure your legacy and simplify the process of asset transfer for your loved ones. It's time to take control and protect what matters most to you!
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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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What type of trust is a living trust?
What kinds of trusts are there? There are two basic types of trusts: living trusts and testamentary trusts. A living trust or an "inter-vivos" trust is set up during the person's lifetime. A Testamentary trust is set up in a will and established only after the person's death when the will goes into effect.
What type of trust is a will trust?
A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified in his or her will. A will may contain more than one testamentary trust, and may address all or any portion of the estate.
Does a will override a trust?
Your will or trust will not override what is named in the beneficiary designation on a life insurance policy, annuity, or retirement account (like an IRA or 401(k) plan). The beneficiary designation takes precedence, or as one poker player put it "the beneficiary designation trumps the will."
Is it better to have a will or a trust?
Both are useful estate planning devices that serve different purposes, and both can work together to create a complete estate plan. One main difference between a will and a trust is that a will goes into effect only after you die, while a trust takes effect as soon as you create it.
How does a trust work in a will?
A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. ... Since trusts usually avoid probate, your beneficiaries may gain access to these assets more quickly than they might to assets that are transferred using a will.
Is a living trust the same as a revocable trust?
The two basic types of trusts are a revocable trust, also known as a revocable living trust or simply a living trust, and an irrevocable trust. ... When the owner of a revocable trust dies, the assets held in trust are also subject to both state and federal estate taxes.
Is a living trust revocable?
A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die. Most living trusts are revocable because you can change them as your circumstances or wishes change. Revocable living trusts are living because you make them during your lifetime.
How much does it cost to set up a revocable trust?
Assuming you decide you want a revocable living trust, how much should you expect to pay? If you are willing to do it yourself, it will cost you about $30 for a book, or $60 for living trust software. If you hire a lawyer to do the job for you, get ready to pay between $1,200 and $2,000.
What makes a trust a living trust?
A living trust (sometimes called an "inter vivos" or "revocable" trust) is a written legal document through which your assets are placed into a trust for your benefit during your lifetime and then transferred to designated beneficiaries at your death by your chosen representative, called a "successor trustee."
What is the difference between a trust and a living trust?
A living trust (sometimes called an inter vivos trust) is one created by the grantor during his or her lifetime, while a testamentary trust is a trust created by the grantor's will. Only a funded living trust avoids probate court.
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