A Living Trust Is The Most Economical Way To Own Property

Probate costs in the thousands and excessive attorney fees can cost your family much of the hard-earned money that can be transferred to your loved ones, most economically using a revocable living trust. The most common objective of creating a living trust is to avoid probate, which is the legal process of settling a decedent’s debts and distributing remaining assets to beneficiaries. This could shave weeks or even months off of the process of distributing a decedent’s assets.

The most private way to handle your affairs is by setting up a living trust.

Some people choose to create a living trust in order to keep the proceedings private. While assets distributed through the probate process become public records, those in a living trust remain confidential.

Koch & Associates guides clients through the process of creating and funding a revocable living trust. If you are uncertain whether a living trust is the right solution for you, we can review your situation and explain your options clearly.

A living trust is a sophisticated legal document that allows you to have more control over your affairs than any other document.

Funding A Living Trust

Like all trusts, it is necessary to transfer assets into a living trust once it is created. You may put real estate , life insurance, bank accounts, business assets, and other assets into a living trust. Depending upon your objectives, you may want to place all of your assets in a living trust or only some. Our experienced lawyers can help you determine what is right in your situation.

The creator of a revocable living trust has control over it during their lifetime and can change the trust at any time.

You may have heard that a living trust replaces a will, but this is not a certainty. In most cases, people who create a living trust also have a will.

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