What an RLT does and does not do
An RLT is a probate-avoidance and incapacity-management tool, not a tax shelter.
Revocable Living TrustsLegacy Counsel
Revocable Living Trusts
A revocable living trust is the workhorse of modern estate planning.
Key Points
- ◆Avoids probate for any asset titled in the trust
- ◆Provides a private, court-free path through incapacity
- ◆Holds out-of-state real property to avoid ancillary probate
- ◆Modifiable and revocable at any time during your competency
- ◆Does not by itself reduce estate tax — that requires irrevocable structures
Funding is the step that matters
An unfunded RLT does nothing.
Frequently Asked
Does a revocable trust reduce estate tax?+
No.
Do I still need a will if I have a trust?+
Yes.
Can I be my own trustee?+
Yes.
Next Step
Talk to Legacy Counsel.
Fixed-fee estate planning for clients in New York, New Jersey, and Ohio.
Drew Jacobs is licensed in New York, New Jersey, and Ohio. Nothing on this page constitutes legal advice or an offer to represent you in a jurisdiction in which we are not licensed.
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