Trusts are not simply for the wealthy. For estate planning purposes, a revocable living trust involves setting up of a self-sufficient entity that will continue on past the life-time of the individual who made it. When a person creates a trust and dies, the trust continues to exist and the deceased’s wishes continue to be carried out.
Why use a trust?
The use of a trust avoids probate because a trust is not subject to probate. As a result, there is no public exposure of the deceased estate, no probate fees and the process is quicker.
Set up a consultation with Attorney Rob McCarthy to discuss your trust needs.