A Revocable Living Trust is one of the most versatile tools in estate planning. It gives you more control over how your assets are handled both during your lifetime and after your death—while helping your loved ones avoid delays and complications.
→ Learn more: What is a Revocable Living Trust
Below are some of the key benefits of using a Revocable Living Trust:
1. Bypass Probate Court
Assets placed in a Living Trust are not subject to probate, the court process that often follows a person’s death. This allows your beneficiaries to receive their inheritance faster and with fewer costs.
→ Learn more: What is Probate?
2. Maintains Your Privacy
Unlike a Will, which becomes part of the public record during probate, a Living Trust remains private. This means the details of your assets and who receives them stay confidential.
3. Controls Timing of Inheritance
With a Living Trust, you can decide when future generations receive their inheritance. For example, you might want to delay full access until a child reaches a certain age. NetLaw’s trust includes built-in options for age-based distributions through a descendant’s trust structure.
→ Learn more: What is a Descendant's Trust
4. Gives You Flexibility and Control
As the grantor of a Revocable Living Trust, you maintain complete control. You can add or remove assets, update beneficiaries, change your trustee, or revoke the trust entirely—as long as you’re alive and mentally competent.
A Revocable Living Trust is ideal for people who want to simplify estate management, protect their privacy, and reduce stress for their loved ones in the future. If you're considering setting one up, NetLaw's SmartGuide makes the process simple and personalized to your situation.