
| Short Answer: 1) Only family members know your business. 2) A trust is inexpensive: about $1,000.00. 3) You control what happens to your estate. 4) No need for court appearances or approval. 5) A trust can be administer in a few months. 6) A trust will keep your family united when they need each other the most. |

| Philip McCarthy Attorney at Law |
| Six Reasons Why You Should Have a Living Revocable Trust |
| Long Answer: 1) A Living Revocable Trust Is Private: A Trust is similar to a contract. The only one who has a right to see your trust is the trustee and the beneficiaries of your trust and then only to the extent that the trust effects them. A person who wants to know what is in your trust must petition the court and the court will only disclose necessary information to such a petitioner. 2) A Living Revocable Trust Is Inexpensive: A simple Living Revocable Trust costs approximately $1,000.00, plus costs. Costs include such things as filing fees for deeds, and notarization costs. 3) A Living Revocable Trust Allows a Person to Control What Happens To His or Her Estate: Because a Living Revocable Trust is a private arrangement persons who want to challenge the trust have to make a claim in court. Because the court is bound by the trust document, the court will make decisions that are in accord with your wishes so long as they are not illegal or contrary to public policy. 4) Administering A Living Revocable Trust Is Simple: The persons who must be notified are limited. Transfer of title to property is simplified. There is no need for court supervision. 5) Administering A Living Revocable Trust Is Quick: Administering a Living Revocable Trust can be accomplished in a matter of weeks and in some cases days. Funds in bank accounts held in trust can be available to survivors almost immediately. 6) A Living Revocable Trust Allows Survivors to Move On With Their Lives: A Living Revocable Trust relieves the survivors of the added agony of probate, and prevents the kind of bickering and family disintegration that often results from probate. A Living Revocable Trust gives surviving loved ones the peace and tranquility that comes from knowing that their deceased loved one’s business has been taken care of, and that they died knowing that their family would be taken care of. |
| For a more detailed analysis of Why You Should Have a Living Revocable Trust contact me. |
| For a more detailed analysis of Why You Should Have a Living Revocable Trust contact me. |