A revocable living trust is a legal document that, just like a will,
contains instructions for what you want to happen to your assets when
you die. But, unlike a will, a revocable living trust avoids probate by
transferring your assets from your name to the name of your trust
during your lifetime or through the use of beneficiary designations and
a marital property agreement,
at death. It also avoids the need for ancillary probates if you own
property outside of Wisconsin. A revocable trust can also be used to
provide assistance in managing your assets during your lifetime. During
your lifetime, you retain complete control over your property.
For a consultation on revocable trusts with one of our estate planning attorneys at Doar, Drill & Skow, call 877-890-7934 toll-free or contact us online. Located in New Richmond, we serve clients throughout western Wisconsin.
