I have written a number of posts discussing the little-known benefits of revocable living trusts (“RLT”). However, the fact is that the main benefit is that the RLT is the kindest to your family. I am sold on revocable living trusts (“RLT”) because I care about my clients! An RLT is the estate plan that is kindest to you and your family when they most need it. Who says? My Dad! A former Probate Judge who practiced law for over 50 years, he asked me to write an RLT for him and my Mother. What does this tell you?
In contrast, a Harvard lawyer delayed and never got an RLT. His will required Probate. Probate meant lawyers, court, deadlines, affidavits, notices to beneficiaries, creditors, and TennCare; buying and selling assets, new bank accounts and tax returns, and much more. His spouse spent more than $16,000 in legal fees satisfying legal requirements. Another client spent over 150 hours as an Executor of an estate.
Have mercy on you and your family! To find out more, see the attachment below. It helps you get started. I offer a FREE short consultation.