How it Works A revocable trust can be the only member of an LLC. This setup lets people simultaneously protect their assets, receive the benefits of a limited liability company, and avoid probate upon death. This type of legal structure is advantageous regarding...
Why should you avoid probate? People want to avoid probate because it is a public record. However, when you die, your estate goes through the probate process, which can be time-consuming and expensive. Probate court is also involved, and beneficiaries may not receive...
ALTA Estate Services, LLC October 2021 Blog Article With a living trust and proper and complete estate planning, the grantor (“Trustor”) can set terms for the management and transfer of assets after death. At a second spouse’s death, assets in the living trust can...
