Revocable Living Trusts Vs Wills - Which Is Right for You?

  • Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

Revocable Living Trusts Vs Wills - Which Is Right for You?

When planning your estate and figuring out a way to leave your assets to your children, you can choose to set up a will or a revocable living trust. Both have their pros and cons. Here are a few things to consider.

Avoid Probate

One reason to set up a revocable living trust is to avoid probate. You can save your family the stress, effort, and time it takes to deal with probate by setting up a trust, which does not have to go through probate. You can also avoid guardianship and conservatorship if you are incapacitated.

Keep It Private

A probate is public, and anyone can look up the details. If you want to keep your family matters private, you can do so with a living trust.

Can Go Into Effect When You Are Still Alive

A will can only go into effect after death. A living trust can go into effect when you are still alive. You can make provisions for if you are incapacitated as well.

Benefits of a Will

On the other hand, there are other things to take into account. A will has certain advantages that a revocable living trust does not have. For example, a trust must be notarized, while a will only needs witnesses. In addition, a trust only accounts for the assets that you place in it. You should probably also create a pour-over will to account for any assets that you may have omitted. A will may also be necessary if you need to plan for guardianship of a child.

For help with figuring out the best way to provide for your family, contact us today.

Categories: Estate Planning
  • Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

When You're

Ready to talk

Our firm is ready to listen. Call for a FREE case consultation.

Call Toll-Free 888.910.6652

"The Law Offices of James C. Shields is located in Torrance and proudly serves clients all throughout the South Bay including:

  • Long Beach
  • Carson
  • Irvine
  • Los Angeles
  • Palos Verdes Estates
  • Huntington Beach
  • Hermosa Beach
  • Redondo Beach
  • Manhattan Beach
  • Newport Beach
  • Costa Mesa
  • El Segundo
  • Rolling Hills
  • Hawthorne
  • Playa Del Rey and Culver City
Law Offices of James C. Shields - Torrance Bankruptcy & Estate Planning Attorney
Located at 21707 Hawthorne Blvd, Suite 204
Torrance, CA 90503.
View Map
Phone: (888) 910-6652
Local Phone: (310) 626-4404

Website:
© 2018 All Rights Reserved.