Protecting Your Future With A Revocable Living Trust
A revocable living trust can be a vital tool for people looking to control their estate while allowing certain assets to avoid the complexities of probate. At Lockaby PLLC, our experienced and knowledgeable attorneys work closely with clients across Kentucky to determine if revocable living trusts can help them accomplish their goals. We can help you make a personalized estate plan tailored to your unique needs.
Our modern approach to estate planning means that clients will receive face-to-face meetings with their attorneys, who will guide them through every step of the process. We advise clients on updating their estate plans based on changing life circumstances. Please contact our Lexington office now by calling 859-687-8900 to schedule your consultation.
Understand How A Living Trust Can Help
A trust is a legal instrument that allows a chosen party, designated as the trustee, to manage assets to the benefit of another, called the beneficiary. The trustee has a fiduciary duty to manage trust assets to the benefit of the beneficiary. A revocable living trust is a more flexible type of trust that grants specific benefits to people who are still alive but who want to ensure that their assets are efficiently transferred to loved ones.
With a revocable living trust, the trustee can manage assets, such as a bank account or house, while the beneficiary is still alive. With this arrangement, the beneficiary can easily control assets without the hassle of probate in case they pass away. A revocable living trust also allows beneficiaries to manage out-of-state assets and provide care if a beneficiary becomes incapacitated, all while providing more privacy than a will.
Learn More About How A Revocable Living Trust Can Help You
Our legal team will help you understand if a revocable living trust can help you accomplish your goals and protect your legacy. Please call us today at 859-687-8900 or send us an email to schedule your Life & Legacy planning session at our Lexington office.