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.