Got A Will? Now Consider a Revocable Trust

Creating a ⁠will⁠ is a great first step in your ⁠estate plan⁠: you’ve directed the distribution of property after your death, and named executors to administer that process. Nice! But did you know there are drawbacks to ‘only’ having a will? The biggest one is that your heirs will contend with the court delays and cost of probate. Your executor(s) can’t pay bills or settle the estate until probate ends!

During this Life Happens Radio show, learn how to overcome those obstacles with a ⁠revocable trust, a.k.a. ‘living trust.”⁠ Who wouldn’t want more control, flexibility and great benefits to heirs? A revocable trust achieves that. Pierro, Connor & Strauss attorneys Lou Pierro and Carolyn Glynn describe advantages of a Revocable Trust:

• No probate required – no legal mess for your heirs to cope with!
• Manages assets during life and after death
• Provides for Successor Trustee upon death or incapacity -> continuity 
• Financial affairs remain private
• Must be ‘funded’ to be effective

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