Avoid Probate Hassles: Make a Revocable Living Trust Your Go-To Estate Plan

When it comes to estate planning, many people immediately think of a Last Will and Testament. While a will is a crucial document, it becomes effective only once your estate has entered probate. Unfortunately, probate can be a lengthy and costly process, involving court decisions and legal fees. To bypass these complications, a revocable living trust should become your primary estate planning document.

A revocable living trust allows for the orderly transfer of assets while avoiding probate. By transferring the title of your assets to the trust during your lifetime, you empower the trustee to manage these assets if you become disabled or upon your death. This management and distribution to your beneficiaries happen according to your instructions, without the involvement of the probate court.

For a living trust to function as intended, most nonretirement assets such as real estate, investment and bank accounts must be retitled in the name of the trust.  If assets are not transferred into the trust prior to death, probate cannot be avoided.

During your initial consultation with us, we will discuss your financial pictures and unique family dynamics. Our goal is to provide you with a tailored estate plan within 4-6 weeks.

At Blue Chip Estate Planning, our experienced team will lead your estate planning process, ensuring that your family's best interests are at the heart of everything we do.

Contact us today at (248) 873-3244 to start planning for your future and avoid the hassles of probate.