March 13, 2018

Aren’t Trusts Just for People with a lot of money?

While there are types of trusts that are specifically designed to assist wealthy clients in the protection of their assets, a revocable trust is a tool that almost anyone should consider when evaluating estate planning options. Regardless of whether you have a will or not, most states require that your estate go through a post-mortem process called probate. Probate is designed so that your state or county has the opportunity to supervise the administration of your estate to ensure any distributions are properly made. Probate can be very time consuming and expensive.

You may be able to avoid all this through a revocable trust. In most cases, having your assets in a revocable trust while you are alive will allow your estate to bypass the probate process. Avoiding probate saves your estate money and allows your assets to be distributed more quickly. It will also take some of the burden off of those you leave behind to administer your estate. In addition, you can operate a revocable trust during your life with little or no noticeable impact on your life.

Ask an attorney if a revocable trust is right for you.


This Blog is made available for educational and general information purposes only, and is not meant to provide specific legal advice. It should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. None of the information in this Blog necessarily reflects the opinions of Segal Duffek Moen or its attorneys or clients. The information is not guaranteed to be correct, complete, or current, and we do not expressly or implicitly warrant the accuracy or reliability of any of the contents.

An attorney-client relationship cannot be formed by receiving, accessing, or reading this Blog and this Blog is not intended to create, and does not create, an attorney-client relationship between you and Segal Duffek Moen. This Blog is not soliciting clients and does not propose or endorse any type of transaction.

If you are interested in having us represent you, you must contact us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility.