• Why You Need a Living Trust

    A grandfather and his grandson walking on a nature trail
    Jan 05, 2017
    While many people think of a living trust as a tool very wealthy individuals use to safeguard their sizeable assets from a heavy tax bill upon their death, the reality is that these estate planning agreements provide a multitude of benefits for people of varied economic means. With a revocable living trust, your assets are placed into a trust for your use during your lifetime and are then transferred to your beneficiaries upon your death by a successor trustee that you appoint. It is referred to as “revocable” because it can be amended or revoked at any time by the person (or people) who created it, as long as they are still competent. Here are just a few good reasons you should consider establishing a revocable living trust.