A revocable living trust is a legal document that includes your instructions for what you want to happen to your assets when you die. It is similar to a Will in this regard but, unlike a will a living trust avoids probate at death. It also prevents the court from controlling your assets if your become incapacitated. And it gives you (not the courts) control of the assets you leave to your minor children or grand children.You do not lose control of your assets when you put them into a living trust. You can continue to buy, sell, mortgage, etc. just like before. You can cancel the trust at any time.A revocable living trust does not, in and of itself, provide asset protection. However, it does avoid probate, allow you to keep control and there are a few tricks that will enable your trust to provide some appearances of asset protection.
Contact ACS LLC at www.acsbusinessplans.com for more information on how you can protect your family with a Revocable Living Trust
