Living Revocable Trusts in New Jersey
Haddon Heights Estate Planning Lawyer
A living revocable trust is a document that is created while you are still alive which selects a future heir and names you or someone else as the trustee. In addition to helping property avoid the probate process, a living trust may offer a wide array of benefits to you and your family, and a Haddon Heights estate planning attorney can help you create the right plan for your situation.
Benefits of a Living Revocable Trust
One of the main benefits of a living revocable trust is that it allows property to avoid probate. Because property in the trust does not go through the probate process, it can help spare your family a long and difficult wait for the funds. If privacy is a concern for you, a living revocable trust enables you to avoid publicizing the contents of the trusts like wills require after you pass away. Additionally, it may help out-of-state property avoid ancillary probate procedures, because the title of that property would be in a trust.
Living revocable trusts provide more options than a simple will. They allow you to make gifts over a period of time, for example, and the trust can continue giving after you have passed on. If you become disabled, this kind of trust can also allow you to bypass the selection of a court-ordered guardian, as the trustee can provide for you and other family members. A trust is easier to modify than a will, and my firm can help you understand how a living revocable trust could be beneficial for your situation.
Enlist the Assistance of a Haddon Heights Estate Planning Attorney
A living revocable trust may be beneficial to your estate plan, but other options may offer even more benefits. I personally listen to my clients' unique situations before making recommendations about wills and trusts, and I can provide you with practical advice in a timely and cost-effective manner. With over 30 years of experience, my firm is prepared to assist you with all of your estate planning needs. If you would like to learn more about your specific estate planning needs and options, complete a free case evaluation or
contact a Haddon Heights estate planning attorney from Harris Law Firm today.