What Is A Revocable Living Trust in 3 Sentences Or Less?

The Revocable Living Trust is used primarily as a Succession avoidance tool in Louisiana. If your assets are titled in your name when you die, your assets titled in your name will be frozen, and your family will have to go through a Succession and obtain court orders, which orders banks, financial institutions, and others to transfer your assets to your heirs. If your assets are titled in the name of your trust, your Successor trustee will have immediate access to your assets and will be able to sell or distribute them to your beneficiaries that you named in your trust- no Succession is necessary to transfer these assets after your death which reduces significant costs, delay and family disharmony.

If you are interested in learning more about planning options for you and you loved ones, I’m happy to help.