If you’ve set up a Revocable Living Trust, congratulations! You’re definitely on the right track. But…you’re only half way there. Many believe because they took the time to create a Trust, their estate will automatically avoid probate. Unfortunately, this is a false sense of security.
The key to probate avoidance is proper asset ownership, including the full funding of your Revocable Living Trust.
What are Probate Assets?
What assets require probate?
- Accounts and real estate titled in your sole, individual name