The main goal of estate planning is to maximize your wealth during your lifetime and to pass the largest amount of assets possible to your loved ones at death with as little hassle as possible. Establishing a revocable living trust may be the most efficient and effective way to avoid probate thereby limiting hassle of court proceedings and executor probate filing requirements.  Once the settlor, or trustor, passes, the assets owned by the revocable living trust continue to be administered by the trustee for the benefit of the named trust beneficiaries without the need for probate.