Estate planning is often perceived as a concern exclusively for the wealthy, but in reality, it's a crucial endeavor for individuals and families from all walks of life.

Regardless of your financial status, there are essential considerations to ensure your assets are managed and distributed according to your wishes.

A revocable trust provides several advantages, including avoiding court intervention, ease of administration, direct distribution of assets, flexibility for future planning, and privacy. By placing assets in one operating base, you can direct how assets are distributed, specify who will manage finances in the event of disability or incapacity, and limit access to the trust document. It's important to note that only assets placed in the trust will be subject to its rules, and you should work with an attorney to determine which assets to transfer for maximum effectiveness.