10 Provisions Every Revocable Living Trust Should Have

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Build your estate plan online! MyAdvocate is the online solution for creating and maintaining your Will and all other legally-valid estate planning documents. Click the link below to get started! https://www.myadvocate.com/join/paul -- In addition to the concept of providing where your estate goes when you die, many want to do what they can to streamline the process of settling their estate. Many, in order to avoid the court and attorney interference required with probate, set up their revocable living trust, transfer assets to it, and designate a family member to disburse assets out of the trust to the heirs or beneficiaries. The following is a list of ten provisions that should be considered when establishing your revocable living trust: (1) A statement that the trust is revocable; (2) A designation of trustee and successor trustee; (3) A designation of income beneficiaries; (4) A designation of principal beneficiaries; (5) The trust term; (6) A spendthrift clause; (7) A provision dispensing the security requirement for the trustee; (8) Consider a no contest clause; (9) Make sure your trust is an authentic act; and (10) An Extract of Trust. For prospective law firm clients who want to schedule a free 15 minute initial phone call with Paul Rabalais, go to: https://go.oncehub.com/Paul8 This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship. Paul Rabalais Estate Planning Attorney www.RabalaisEstatePlanning.com Phone: (225) 329-2450