Personal TrustRevocable Trust

There is a lot of information out there about revocable trusts. What is all the excitement about? Revocable (or grantor) trusts look a lot like a normal investment account but also have estate planning features. A "trustee" is entrusted with your assets (either a corporate trustee like Fremont National Bank or a natural person; even yourself). The trustee is responsible for the prudent management of your assets. However, the following features may be available to the grantor of a revocable trust.

Assets within the trust pass outside probate if there is dispositive language in the document. Thus, there are no probate fees on these assets. Also, you may leave your assets under the protection of a trust for your loved ones should they need assistance managing their finances.

A trust is a private document between yourself and your trustee and is not available to public scrutiny as is a will.

Perhaps most importantly, should you become incapacitated, your trustee can pay your bills, deal with your creditors, etc. without getting the courts involved. In fact, your trustee can handle these duties should you require them for any reason such as traveling or just not wanting to hassle with it anymore.

Contact us for a no fee, no obligation consultation about revocable trusts.