Revocable Living Trust

A Revocable Living Trust is a legal arrangement that allows you to place your assets—like property and bank accounts—into a trust during your lifetime. You can manage it and change it as needed. The key benefit is that upon your death, the trust's assets transfer directly to your beneficiaries without going through probate, which can be a lengthy and costly process. This can provide more privacy and quicker access to your estate for your loved ones. Additionally, you can revoke or alter the trust completely if your circumstances or wishes change.