Should I Consider a Revocable Trust?
A revocable trust, also called a living trust, is a legal document and entity where you can place your assets and assign beneficiaries to those assets. Because the trust is revocable, those assets remain fully in your control throughout your lifetime, and you can change the assets and beneficiaries listed in the trust at any time. A trust is an incredibly useful estate planning tool, and an experienced estate planning attorney can help you determine if a trust is beneficial for you. A trust, like a will, distributes the assets in your estate to your beneficiaries. However, a trust will