What Is A Revocable Trust?

Video Transcription:

A revocable trust is a document that serves two main purposes. The first purpose is to avoid probate and the second purpose is to avoid guardianship. Probate and guardianship in the state of Florida is particularly burdensome, it’s cumbersome, it’s time-consuming, it’s expensive. Those are two things that you really want to avoid, and the main way to avoid them is by creating a revocable living trust, number one, and number two, making certain that you place your assets into the revocable living trust before you pass. Have more questions? Then contact us today to schedule a free consultation! Doane & Doane – Top rated Tax & Estate Planning Attorneys