TRUSTS - Trusts Offer Flexibility

We all want to control our own affairs during our lives and provide an orderly distribution of our estates when we die.  A Revocable Living Trust is an important legal document that is necessary to meet both of these goals.

A Revocable Living Trust (click to download pdf) if properly drafted and funded can:
• Avoid Probate during your lifetime and at death.
• Name the people who will manage your affairs if you are alive but incapacitated and at your death.
• Direct the distribution of your estate, including to family, friends and charities.
• Minimize or eliminate inheritance tax.

Other important estate planning documents that work together with a Revocable Living Trust include:
• Last Will and Testament
• Financial Durable Power of Attorney (click to download pdf).
•    Designation of Patient Advocate (click to download pdf).


Howard H. Collens is an attorney with the law firm of Galloway and Collens, PLLC.  He can be reached at (248) 545-2500 or at www.GallowayCollens.com.  He is a member of the Senior and Caregiver Resource Network.  This information is not intended to provide legal advice.