TWO BONUSES IF YOU ATTENDED MY REVOCABLE LIVING TRUST TALK
I. My Five Favorite Reasons For Using A Revocable Living Trust
2. If you kept my Questionnaire offering a $200 discount, call me about a larger discount if you come in by July 15
A Revocable Living Trust (RLT) allows your estate to pass property to your family without probate. Probate can take months, cost thousands of dollars, and require numerous court filings, deadlines, inventories, creditor negotiations, and other legal procedures. An RLT helps your family avoid these burdens during an already difficult time.
B. Health Care Decisions
My Revocable Living Trust package includes a Tennessee Advance Care Plan, which names the people who can make medical decisions for you if you cannot. It also allows you to express your wishes regarding life-sustaining treatment and other important health care decisions.
C. Durable Power of Attorney
The package includes a Durable General Power of Attorney (DPOA), which authorizes trusted persons that you appoint to handle legal and financial matters for you, even if you become incapacitated. It works together with the RLT and can be invaluable when you are unavailable or lack the capacity to act.
D. Helps Avoid Guardianship
If you become incapacitated, the RLT and DPOA together usually eliminate the need for a court-appointed guardian or conservator. Your successor trustee can manage trust assets, and your agent can handle other legal matters, avoiding court involvement, expense, and loss of privacy.
E. Better Asset Management and Protection
An RLT provides long-term management and protection of your assets for you and your beneficiaries. It is especially useful for minors or other beneficiaries who may need assistance managing inheritances. Without a trust, court supervision may be required. Since a will containing a trust often costs about the same as an RLT, many families choose the more comprehensive RLT approach.
For a free consultation, call me at (901) 218-7820 or email me at hwlaughlin@901bizlaw.com.
Former IRS Attorney | Accredited Estate Planner | Super Lawyer 2017-2025