Review some essential ideas that you should understand if you want to get the most out of revocable living trusts.
A revocable living trust is an asset transfer vehicle that can facilitate efficient asset distributions outside of the legal process of probate. This type of trust can be useful for people of relatively ordinary means. If you use a will instead of a trust, the probate process enters the picture, and it can be time-consuming and expensive.
To learn more about revocable living trusts, schedule a consultation with a licensed estate planning attorney.
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Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
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