Serving Clients Throughout Wisconsin
How a Revocable Living Trust Works Protecting Your Family & Legacy

How it Works

A Revocable Living Trust is a comprehensive estate planning tool that people use to preserve and transfer their wealth and inheritances. One of the greatest benefits of including a Revocable Living Trust in your estate plan is that it can ensure your beneficiaries will avoid the stress, hassle, and expenses that are associated with the probate process.

To begin the process, the Trustmaker transfers the asset “title” to trust, while still keeping full control over the assets in the trust. The Trustmaker then names a “successor trustee” whose job is to take over and mange the trust if the Trustmaker passes away or is ever incapacitated. The trust essentially acts as a funnel that directs the transfer of assets to the named beneficiaries outside of the probate process.

A Revocable Living Trust allows the Trustmaker to make any changes they desire before they pass away. The trust plan can include a marital deduction and remainder trusts to limit estate taxes when the assets are ultimately transferred to the heirs.

Advantages of using a Revocable Living Trust include:

  • The court doesn’t have to intervene in your private affairs
  • Control of your assets passes seamlessly if you are incapacitated
  • There’s no need for Conservatorship proceedings
  • Reduces the risk of family disputes and contests
  • Simplifies marital estate tax planning
  • Flexible and easily amended
  • Reduces administrative costs after you pass away
  • Creates fewer obstacles to overcome when it’s time to distribute your wealth
  • Protects your heirs from creditors and financial predators

If you have more questions about using a Revocable Living Trust or adding one to your estate plan, then please don’t hesitate to reach out to Estate Law Partners, LLC today. To set up a case consultation with one of our reputable lawyers, please call (608) 292-5185 or contact us online.

The Stories That Matter

Read Our 5 Star Reviews
  • She was very responsive and always made sure to answer any questions we had.

    “Our experience with Danielle was very professional and efficient even with having to do everything through zoom due to Covid. She was very responsive and always made sure to answer any questions we ha ...”

    - Shannon
  • [Matt] was very engaging and rephrased any questions we didn't udnerstand.

    “Matt was able to answer my questions without all the legal mumbo jumbo. He was very engaging and rephrased any questions we didn't udnerstand. Due to COVID pandemic, we were limited to a phone ...”

    - Steven
  • [Matt] was very helpful...

    “He was very helpful in answering our questions and providing guidance that we understood.”

    - Troy
  • He took the time to understand our goals and our family situation. He was friendly, thorough, and very knowledgeable.

    “What a great attorney! He explained everything to us in plain English, with no legal jargon. He took the time to understand our goals and our family situation. He was friendly, thorough, and very ...”

    - Mark
  • He was wonderful...they asked all the right questions, were patient with our back and forth, and everything was wrapped up successfully.

    “My husband and I needed a will and turned to this firm for their help after the firm had invited us to a "what is estate planning all" about dinner/meeting. Having a will was something we knew we ...”

    - Kris
  • Cutting Edge
  • Authentic
  • Respect
  • Empathy
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please enter your address.
  • Please enter your city.
  • Please make a selection.
  • Please enter your zip code.
    This isn't a valid zip cide.
  • Please make a selection.
  • Please make a selection.
  • Please enter a message.