Home Estate Planning Revocable Living Trusts
Estate Planning · Revocable Living Trusts
A revocable living trust lets you manage your property during your lifetime, name who takes over if you can’t, and pass assets to your family without probate when the trust is properly funded.
The basics
A revocable living trust is an agreement with three roles. Often, you fill the first two yourself.
Because the trust is revocable, you can change it, add or remove property, or cancel it while you have capacity.
Benefits
Know the limits
Funding
A trust only controls property that is titled in its name or coordinated through beneficiary designations. Funding typically involves retitling real estate and accounts and updating beneficiary forms. We provide funding instructions and help you through the process so your trust works as intended.
Make sure it still works the way you intended. Start with our Trust Checkup.
01
To learn about your family, property, and goals.
02
Of the trust terms, trustees, and how and when beneficiaries inherit.
03
Of your trust, pour-over will, powers of attorney, and health care documents.
04
With the formalities your state requires.
05
Your trust, with instructions and support from our team.
06
As your family, property, or the law changes.
Revocable living trust FAQ
General information only. Schedule a free consultation for advice about your situation.
Anyone who owns titled assets such as a home and wants to avoid probate or plan for incapacity should consider one. It is often a fit for blended families, people with property in more than one state, and parents of minor or young adult children.
Yes. Most people serve as their own trustee and keep full control of their property during their lifetime.
Yes, but co-trustees generally must work together on decisions, which can slow administration. We’ll help you weigh the trade-offs.
Yes. A pour-over will moves any assets left outside the trust into it and is where you nominate guardians for minor children.
Your successor trustee manages and distributes trust property according to your instructions, generally without probate court involvement.
Related
Name who receives your property and who you’d nominate to raise your children.
Choose who handles your finances and health care decisions if you can’t.
Guidance for successor trustees settling a trust.
Make sure your existing trust still works as intended.
Free resources
Free masterclass
Short classes on estate planning, long-term care, probate, and trust administration, presented by Pearson Bollman Law attorneys.
Free guide
A free guide to help you organize your information and prepare for a conversation about your plan.
Newsletter
Planning tips, law updates, and firm news delivered to your inbox. Unsubscribe anytime.
Whether you’re creating an estate plan for the first time or updating documents that no longer reflect your life, Pearson Bollman Law is here to provide clear guidance every step of the way. Your initial consultation is free.
