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A REVOCABLE TRUST IS A DOCUMENT STATING WHO CONTROLS YOUR ASSETS!
While you are alive and capable you determine what will happen to those assets once you are gone or incapacitated. It is called "revocable" because you can change it at any time; "living" because you create and fund it while you can carry out your wishes and when you can no longer do so for yourself.
How dose a Revocable Living Trust Differ from a will?
 Revocable trusts are an increasingly popular alternative to wills. Although a will states to whom you want your assets to go after your death, it takes effect only with a court order. With a revocable living trust, the court is removed from the equation. You take the necessary actions while you are alive to pass assets directly to your beneficiaries once you die. You do this by signing the title of your assets over to the trust. The property is held in your name--as trustee for your trust-- and for your benefit while you live. You can always add things to the trust, take things out of it, and amend it if you change your mind about who you wish to get what. When you die the trust passes your property directly to the people you want to have it. And it does so without probate.
What Will Happen With a Revocable Living Trust?...
— Your estate will transfer quickly to your family upon your death, without the expense of probate.
— If you are married and your estate is less than $4 million, there will be no federal estate taxes to pay.
— You will avoid a conservatorship if you become incapacitated, so your estate will be run as you want it to.
What Will Happen Without a Revocable Living Trust?...
— Your estate will go through probate, which could take months or even years, and probate fees could be substantial.
— If you are married and your assets are over $2 million net, without proper planning your family may owe federal estate taxes of 46%.
— If you become incapacitated, or unable to sign documents, a court may assign a conservator to run your estate as the court sees fit.
Our Revocable Trust packages includes all the forms you need to complete your trust. Including a pour-over-will, and forms for your banks, mortgage companies and stock brokers to fund your trust.
If you are smart enough to obtain $500,000 - $1,500,000 worth of assets, you should be smart enough to save yourself $1,000 - $2,000 by using our forms package.
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