Page 30 - Ultimate Guide to Estate Planning

Revocable Living Trust.
A revocable living trust is slightly more

expensive, on the front end, to create than a
will. However, the benefits are significant:

 It bypasses probate (provided you have
funded the trust by retitling the assets);

 It is a private proceeding where courts are
ordinarily not involved;
 You appoint who is administering the
rules that you’ve created without judicial

interference;
 The costs are normally less than those of
a probating the will;
 You can provide guidance for your
lifetime periods of incapacity rather than

having that determined by a
guardianship or conservatorship
proceeding;
 You avoid the inherent delay associated

with any judicial proceeding.

Why is there a delay with a will? Because
judges generally want to make sure that they're

29