What is a Revocable Living Trust?

A revocable living trust is a type of trust that can be modified during the creator’s lifetime.  California residents commonly use revocable living trusts to:

• Name the individuals who will inherit your property (your “beneficiaries”).
• Avoid probate (a time consuming and expensive court proceedings where a judge determines who inherits your money and property).
• Avoid conservatorship (a court process where a judge decides who controls your money and property is you lack the mental capacity to do so on your own).
• Exercise control over children’s gifts. You can create highly customized distributions strategies that incentivize beneficiaries to reach milestones (e.g., graduating college) and even provide protection from your children’s creditors and/or divorcing spouses. 
• Keep your affairs private and out of the public judicial system (i.e., Probate court).  Wills are public, a properly funded revocable living trust will preserve your family and loved ones’ privacy. 

A revocable living trust is the center piece of a properly drafted comprehensive estate plan.  For more information about living trusts, read: 14 Benefits of a Living Trust. 

To speak with a qualified California estate planning lawyer, call the Law office of Jonathan Alexander, Esq. today at (949) 334-7823.

Mr. Alexander has 20 years’ experience and is ready to help you create a legacy that protects your family and loved ones. Call us today.