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  5. Benefits of a Revocable Living Trust

Benefits of a Revocable Living Trust

  • Avoids probate at death
  • Prevents court control of assets at incapacity
  • Brings all your assets together under one plan
  • Provides maximum privacy
  • Provides a quicker distribution of assets to beneficiaries
  • You can decide the age the beneficiaries must reach before inheriting trust assets
  • Can reduce or eliminate estate taxes
  • Inexpensive, easy to set up and maintain
  • Can be changed or canceled at any time until your incapacity or death
  • Prevents court from controlling finances when minor children inherit
  • Can protect dependents with special needs
  • Prevents unintentional disinheriting and other problems of joint ownership
  • Professional asset management if you use First PREMIER Bank Trust and Investment Department

Contact us for more information.

Non-Deposit Investment