The benefits of a Revocable Trust are three-fold. Firstly, assuming that the Revocable Trust is properly funded with all of a person’s assets, a Revocable Trust helps avoid a state’s probate procedure, which can be costly depending on the state’s specific procedure. Secondly, a Revocable Trust is the most effective estate planning instrument for disability planning and the best tool to help navigate the cognitive decline of a person. Thirdly, a Revocable Trust provides privacy that cannot be…By: Saul Ewing LLP
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