05 Oct Revocable Living Trusts for Domestic Partners
Posted at 19:06h in Estate Planning
A revocable living trust allows assets to pass to designated heirs without going through probate court, leaving the administration as a private matter instead of a public one. The creator of a trust appoints a trustee and funds the trust with assets during his or her lifetime and/or at death.
A living trust is very useful for domestic partners for delineating ownership of property and determining its distribution at death. By protecting the property from probate, it also keeps your wishes private and from being challenged by blood relatives.
Click here for Estate Planning Considerations for Domestic Partners.