Thread: We downsized
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  #32  
Old 09-11-2020, 12:48 AM
Autoputzer Autoputzer is online now
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Join Date: Oct 2018
Location: NW Floriduh
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In contrast, a revocable living trust (RLT) does just the opposite. With an RLT, the person setting up the trust is also the trustee, is still in charge, and names who's in charge after they die.

My mother had an RLT. Everything she owned, except retirement accounts was in the RLT, and I was the successor trustee. I had separate accounts at every financial institution she did. With the trust document and a death certificate, I had all the assets moved to my accounts. I did all this literally the few days after her funeral before driving back to Florida. She had a will, but there was no need for me to probate it. I did use an attorney to sell my mother's house, also in the RLT. but that was cheap. In Floriduh, you can even sell a house without an attorney.


https://www.consumerfinance.gov/ask-cfpb/what-is-a-revocable-living-trust-en-1775/#:~:text=%20There%20are%20three%20roles%20under%20a%20revocable,revocable%20living%20trust.%20They%2 0are%20called...%20More%20

Last edited by Autoputzer; 09-11-2020 at 01:01 AM.
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