Revocable Living Trusts: Answering Your Legal Questions
If you were to die or become disabled, you'd want your dependents to be financially secure. And you'd want someone to manage or distribute your assets just as you would yourself, if you could. The only way to assure these outcomes is to do estate planning. A revocable living trust is one of several estate-planning tools.
The information covered:
- What is a revocable living trust?
- Who can be the trustee?
- Who can be a beneficiary?
- How and when do I fund a revocable living trust?
- How does a revocable living trust differ from a will and a living will?
- What can a revocable living trust do?
- What can't a revocable living trust do?
- Can there be court supervision of a revocable living trust?
- Should I have an attorney prepare my trust?
- What about "special offers" I see advertised?
Last updated: 7/2011