Revocable trusts can be amended, changed or revoked at any time, allowing you to update the trust when circumstances warrant doing so or if your wishes have changed. Revocable trusts are known as "living" trusts as you create and alter them during your lifetime.
The Law Office Of Paul D. White P.A. can assist you in setting up a revocable trust for your estate. A revocable trust can help your loved ones avoid the probate process after your death, making the distribution of your property and assets quicker and less expensive.
The Benefits Of Revocable Trusts
Living trusts offer flexibility and security. Here are just some of their many benefits:
- The assets avoid probate
- You can name beneficiaries of your property
- You can revise your trust at your discretion
- They reduce the chance of a dispute between your heirs
- You name a successor trustee for your estate
As you can see, trusts are not just for wealthy individuals. No matter how modest you think your estate may be, you have worked hard to earn your assets. You should get to enjoy them while you can and control where they go when you pass away. Trusts are a valuable tool to help achieve those two goals.
Free Consultations Available — Contact Us Today
Our firm is pleased to offer free initial consultations to prospective clients across Saline County. To discuss your estate planning needs with an experienced attorney, call our office in Bryant at 501-847-5556, or send us an email.
