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Estate Planning for Couples
Are you and your partner prepared for the unexpected twists life may bring? Whether you're blissfully in love or navigating the complexities of blended families, estate planning is crucial for securing your shared future!
ADVANTAGES OF A REVOCABLE TRUST
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.