A revocable living trust can be an important part of an estate plan. It may help assets avoid probate, provide a smoother management process during incapacity, and keep distribution details more private. Because you generally retain control and can amend or revoke the trust while living, it offers flexibility as your circumstances change. However, a trust must be properly drafted and funded, and rules vary by state. Life insurance beneficiary designations also require careful coordination; an insurance professional and estate-planning attorney can help ensure your policy and trust support your broader legacy goals.
Continue to full article
Leave a Reply