St. Paul Probate Avoidance Lawyer
A revocable trust is a good way for people who want to make sure that their estate transfers to beneficiaries but would also like some flexibility with the trust while they are still alive. If the property in the trust earns income, for example, it can be distributed to the grantor or reinvested. The grantor also has the ability to adjust the terms of the trust if he or she so chooses.
There are a number of advantages to creating a revocable trust but it is important to understand exactly what a revocable trust can do for you and if it is the right choice to help you achieve your goals. Be sure that you talk to an experienced Minneapolis revocable trusts attorney who will take the time to explain your options.
How Revocable Trusts Can help You
Sometimes referred to as a revocable living trust, it can provide some asset management while the grantor is alive. You can avoid probate which speeds the process up and allows the distributions to occur more quickly. Revocable trusts can also avoid conservatorship. In addition, there is typically no public record of trusts which offers considerably more privacy.
With revocable trusts, you determine when and under what circumstances the gift is delivered. You can put age, time and other requirements into the rules of the trust in order to ensure that the distribution happens in accordance with your wishes.
When you hire the Lang Law Office in Minnetonka, we will work with you to determine the best course of action for you to achieve your goals. We represent clients throughout the Twin Cities metro area and greater Minnesota. We will help you understand pros and cons associated with revocable trusts and make sure that it is the right option for you before we proceed.
Discuss Your Questions With a Lawyer: 952-470-6361
Contact our office today to discuss your revocable trust questions. We will provide a complete evaluation of your case and help you understand your legal options. You can reach us by phone at 952-470-6361 or via e-mail.