Professional Services

Q. Is a Revocable Trust right for you?

A. You’ve probably seen the advertisements touting the creation of a revocable trust as a good way to avoid probate. And for some people it is. However, having a revocable trust as part of your estate plan may not be appropriate for everyone.

Probate is a court-supervised proceeding which transfers the ownership of your assets after death. With a revocable trust, after your death your trustee, with- out court supervision, follows the instructions in your trust for how your assets should be handled. One of the reasons a trust can be a practical strategy is if you own out-of-state property. Adding the property to a trust allows you to avoid the second probate that’s ordinarily needed to transfer outof-state property.

Having a revocable trust as part of your estate plan may or may not be the best decision for you. Only your specific financial and family circumstances can determine the answer. Please contact TCU Trust Services to discuss your individual situation. We are here to help.