Boise Revocable Living Trust Lawyer Planning for the Future, Protecting Your Assets
Do you want to ensure your assets are distributed according to your wishes while avoiding a long, drawn-out probate process? A revocable living trust can provide the peace of mind you seek. At Exceed Legal, our experienced Boise revocable living trust lawyers will guide you through crafting a trust that reflects your goals and safeguards your legacy.
A revocable living trust is a powerful estate planning tool that allows you to maintain control over your assets during your lifetime while providing clear instructions for their distribution after your passing. Our attorneys are dedicated to helping you create a trust that meets your unique needs and protects your loved ones.
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Benefits of a Revocable Living Trust
As we help you plan your estate, you’ll discover that you have many tools at your disposal. Here’s why a revocable living trust might be one of them:
Avoiding Probate
Assets held in a revocable living trust bypass the probate process, saving your loved ones time, money, and stress.
Control
You retain full control over the assets in your trust, making changes as needed throughout your lifetime.
Privacy
Unlike probate, which is a public process, the terms of your trust remain private.
Flexibility
You can tailor your trust to provide for minor children, manage assets for a loved one with special needs, or make charitable bequests.
Peace of Mind
Knowing that your affairs are in order and your wishes will be honored provides you and your family with peace of mind.
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Why Choose Exceed Legal for Your Revocable Living Trust?
When you’re ready to plan your estate, our Boise estate planning lawyers will prioritize your wishes and needs every step of the way. Why should you choose us?
Experienced Trust Attorneys
Our team has extensive experience drafting and administering revocable living trusts tailored to Idaho law and your specific needs.
Personalized Guidance
We listen carefully to your goals, explain your options, and answer your questions, ensuring you feel confident in your decisions.
Clear and Concise Documentation
We draft your trust documents with precision and clarity so that your wishes will be carried out without ambiguity.
You’ve worked hard to build your legacy. Let our team provide you with the tools to safeguard it now — and to protect your loved ones long after you are gone.
Revocable Trusts vs. Irrevocable Trusts
Both revocable and irrevocable trusts allow certain assets to avoid probate, but they have some differences. Choosing the right type of trust depends on your individual circumstances and goals. Our Boise attorneys will help you determine the best solution for your needs.
A revocable trust has the following benefits:
- Can be modified or revoked by the grantor (the creator of the trust) during their lifetime
- Provides flexibility and control over assets
- Allows most assets to avoid probate
An irrevocable trust is less flexible but may offer financial advantages for some estates:
- Typically cannot be changed once established
- Offers stronger asset protection and potential estate tax benefits
- Requires the grantor to relinquish control over assets placed in the trust
Our Trusted Lawyers
attorneyErik Bolinder
attorneyIan W. Gee
attorneyHeidi Burgoyne
FAQ About Revocable Living Trusts
- Can I act as my own trustee for a revocable living trust?
Yes, in most cases, you can serve as both the grantor (creator) and the trustee of your revocable living trust. You can also name a successor trustee who will take over management of the trust upon your death or incapacity.
- What happens to my trust assets if I become incapacitated?
If you become incapacitated, your designated successor trustee will step in to manage the trust according to your instructions. This ensures continuity and avoids the need for court intervention.
- Do I need to transfer all of my assets into a revocable living trust?
No. You might decide to transfer some or most of your assets into your trust. However, certain assets with designated beneficiaries, such as retirement accounts and life insurance policies, are not usually included.
- How much does it cost to create a revocable living trust in boise?
The cost of creating a revocable living trust depends on the complexity of your assets and the level of customization required. It's best to schedule a consultation with our attorneys to discuss your specific needs and receive a personalized quote.
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