"If you do not formally transfer assets into the trust, they are considered outside the trust. They then become subject to standard estate procedures, which usually means probate..."
"Trusts offer several significant benefits that make them essential components of any comprehensive estate plan. The advantages include the following:..."
"A living trust (also called a revocable trust or revocable living trust) can be beneficial to a much broader group of Americans than most people expect..."
"A key difference between a will and a living revocable trust is that the living trust has an incapacity clause that states who you want to manage your affairs in the event you are unable to do so yourself..."
