Who needs a revocable trust?

Who needs a Revocable trust

Revocable Trust should be the Centerpiece of your Estate Plan
Here is something most people often got overlook in the financial world, no matter what level of wealth you have, whether you have massive wealth or you’re just starting to accumulate wealth a Revocable Trust should sit at the center of every estate plan.

A common misconception is that Estate Planning is only for the very wealthy, they are too time consuming and costly. In reality everybody needs the foundational pieces for an estate plan even if you are just starting to build your wealth or if you are already wealthy.

Benefits of having a Revocable Trust:
• Provide for your heirs
• Avoid disgruntled family
• Avoid probate

What is a Revocable Trust?
• Sample Legal Arrangement to hold your assets during your lifetime.

Do’s and Don’ts:
• Revocable (Can be changed)
• Not good for Creditor Protection
• Not good for Estate Tax Planning
• Great to avoid probate
• Great if you become incapacitated

If you don’t have an Estate Plan, it is time to start. If you do have one, great, if it’s been three years or more since you looked at it, it seems like a good time to dust it off and updated it to ensure The foundational pieces are in place and aligned with your wishes.

Check out the video for a deep dive into how revocable trusts work and who needs them.

Want to ensure you don’t have any gaps or missed opportunities in your wealth planning? Click here to “Stress-Test” your current plan FREE.

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