What is a Revocable Trust and Do I Need One?
To avoid probate court and streamline the wealth-transfer process for your heirs, a revocable trust (also known as a living trust) can be a valuable tool. It can help simplify the transition, as well as provide privacy.
Let’s face it, estate planning is not necessarily fun, but it is definitely critical, especially as you get older and acquire more assets. There is a preconceived notion, however, that it’s an activity only for the wealthy. That’s just not true. Everyone should have an estate plan in order to protect their loved ones after they die.
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