Created while you are alive, a revocable
living trust lets you control the distribution of your estate.
Ownership of your property and assets is transferred into the
trust. You can serve as trustee or you can appoint another to
serve as trustee. If you serve as trustee, you must appoint a
successor to serve as trustee upon your death.
Properly drafted and executed, a
revocable living trust can avoid probate and delays as the trust
owns the assets not the deceased. Consult with your attorney
and/or CPA before deciding a revocable living trust is the right
choice for you.