In its most basic form, a Trust is an agreement regarding the management of property. One of the most common styles of Trusts is a revocable living trust.

What happens when you create a revocable living trust?

• You sign a document detailing exactly how you want your property managed during your lifetime, or after your death. Your average trust document ranges from twenty to forty pages, depending on substance and style.

• You transfer your assets to yourself as "Trustee" of the Trust. This technical change in ownership of property keeps your property OUT of the probate court, and therefore the costly probate proceedings after your death.

• You have complete control over your assets during your lifetime.

• If you fall into a coma, there is no expensive Court procedure is needed for another person to manage your assets! Instead of a costly "conservatorship" Court proceeding, somebody else that YOU selected steps in to manage your assets.

• At your death, your assets are distributed to who YOU decided should receive them.

A revocable living trust gives you complete control over your assets and avoids probate!

Consult with Attorney Eric Jeter regarding the creation of your Revocable Living Trust! After consultation, a fifty dollar credit is provided towards the creation of your documents!

Other types of Trusts are available that are used to reduce or eliminate estate taxes, such as a life insurance trust or AB/Credit Shelter/Disclaimer Trust. You may wish to read the Hypothetical Conversation here to learn more!