The revocable living trust

The revocable living trust is a legal agreement that designates somebody full responsibility for your property - but can be changed at any time or any reason if you are alive and mentally competent. It becomes irrevocable after you die and is quickly becoming the best tool for estate planning.

The power of a revocable living trust

If done correctly a revocable living trust can save a lot of headaches and will also save a lot of time at the court house. Immediately after your death, your assets will be transferred directly to your beneficiaries or will start to be passed out over a period of time (if that is how you set it up).

Living trust or will

Trusts are generally for larger estates and are more complicated and expensive than a will. They both serve the same purpose: who gets your property, who gets your money and how and when they get it.

Protecting your assets, and your dignity through this process is the core mission of each of the attorneys at Cohen and Oalican, LLP.