What protection is available by a revocable living trust?

Incorporating irrevocable living trust into your estate plan come to the number of benefits but chief among them are that it helps to avoid the probate process which can be lengthy and costly to an estate. The second is that it helps you in the event of an incapacity so if you find yourself incapacitated after an accident or perhaps after developing dementia, the document would dictate who’s to take over your trust and will give them access to your money in order to pay for your care.

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