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LIVING TRUSTS Use of a living trust allows for the distribution of a person's assets, after his or her death, without the necessity of probate court supervision. In fact, it avoids the use of probate altogether. This eliminates the costs that are related to the probate process. Because a Revocable Living Trust normally operates without court supervision (unless someone asks the Court to become involved), the assets of the trust do not have to be made public. Most important of all, the person who creates a Revocable Living Trust ordinarily does not give up any control over his assets before his or her death. |
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Copyright © 2005 Charles W. Jones. All rights reserved. |