The SafeEstates Blog

April 22, 2014

Revocable Living Trust – Why Am I In Probate Court?

The revocable living trust (“living trust” for short) has numerous advantages.  In general, a living trust is a trust that goes into effect while its creator (known as the “grantor” or “settlor”) is living in which the creator retains the right to amend or revoke.  The settlor “funds” the living trust by transferring assets to the trust while the settlor is living or by naming the trust as beneficiary of specific assets (typically bank or investment accounts) at death.  One advantage of the living trust is that by transferring assets to the living trust, the trust assets will pass to...

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