Contact Walk-In Wills today for help with will and trust creation, probate, long-term care planning, and other essential estate planning needs.
For over two decades, our knowledgeable and compassionate attorneys at Walk-In Wills have helped people plan for the future. Along with will creation, we can also help you establish a revocable trust to exert greater control over your assets and how they’re dispersed to your heirs.
Similar to wills, revocable trusts are an estate planning tool that allows you to provide assets to beneficiaries after you die. However, they provide the grantor, meaning the creator of the trust, with more power over how assets are dispersed. For instance, you can include a clause that states an heir must graduate from college or reach a certain age before assets are handed out.
Revocable trusts can be funded with money or property. In addition to the grantor, revocable trusts also have a trustee, which is a person that manages the trust on behalf of the grantor. In many cases, the grantor serves as the trustee until the time of their death, at which point another trustee will handle duties related to asset distribution.
Trusts are beneficial to avoiding probate, which is the legal process of proving a will valid and distributing assets to heirs. With a trust, assets go directly to heirs according to the terms of the trust, without the need for probate. And unlike irrevocable trusts, revocable trusts can be changed during the person’s lifetime.
The first step is to contact Walk-In Wills to discuss your estate planning needs during a free consultation. From there, our attorneys can help you decide whether a revocable trust is right for your situation.
