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  • A Fresh Approach. Comprehensive Estate Planning.
  • A Fresh Approach. Comprehensive Estate Planning.
  • A Fresh Approach. Comprehensive Estate Planning.
  • A Fresh Approach. Comprehensive Estate Planning.

A Revocable Living Trust Helps You Plan for the Possibility of Incapacity.

As was mentioned previously, as long as you are alive and well, you are the trustee, or owner/manager of all of the property of your trust. If, however, you are ever in the position where you are living but are unable to make financial decisions for yourself or pay your own bills, your back-up trustee is then allowed to step in and manage your assets in your place and on your behalf (e.g., paying for your care, your mortgage, insurance, the needs of your children, etc.). In the absence of this arrangement, if you were to find yourself without capacity and with no one authorized to manage your finances, your loved ones would be forced to petition the court for a conservatorship over you; this is a legal process that is arduous, time-consuming, very costly, and like probate, can be avoided altogether if you have a revocable living trust.

What if there comes a time that you can’t take care of yourself? Without the proper documents, your family will have to go to court, spending time and money, for the right to take care of you.