Estate planning is a confusing and error-prone area of the law.
It's easy to walk out of an estate planning seminar with more questions than you walked in with. A revocable living trust can assure prudent asset management and administration for beneficiaries who lack the necessary physical or mental ability to perform such tasks for themselves. The majority of clients who are interested in and may benefit from a living trust are not millionaires. While living trusts may provide no estate tax benefits, they can often help to avoid lengthy and costly probate administration. Living trusts can provide clients with a measure of privacy not enjoyed during the typical public probate process.