A revocable living trust is an agreement you create for the management and distribution of your Estate in the event of your disability or death.
For many people, a little bit of extra planning with a revocable trust can save time, money, and frustration for your loved ones. Some benefits of using a revocable trust include probate avoidance, faster distribution of your property and protection of your privacy.
Revocable trusts are appropriate in many situations. It is most likely the best choice for a person or couple who fit one or more of the following criteria:
- Estate is greater than $500,000 OR
- Own real estate outside of Wisconsin OR
- Own a business OR
- Require specialized planning for children
If your Estate fits one or more of these critiera, an attorney will review your estate, understand your goals and wishes, and then provide you with a quote. To learn more about Trust-Based Estate Plans, we encourage you to watch the videos.