Revocable Living Trusts

A revocable living trust offers advantages that a will cannot provide. It is one of the most flexible planning devices available. A revocable living trust is a great way to protect your assets and provide for their management, even if you become ill or disabled.

Since a will only becomes effective after you die, it provides no protection if you become incapacitated or are unable to handle your financial affairs. With a revocable living trust, you can name a trustee to manage your financial affairs. The trust includes your instructions for management and distribution. It’s a good way to be sure your children and loved ones are cared for, and to also make a charitable donation. The Quiet Hour serves as trustee of many revocable living trusts on behalf of our supporters who want to make a final and lasting gift to our work of sharing the gospel around the world.

A trust can own property just like a living person. Even after you die, your trust will continue to own the assets you have placed into it, such as your house, your bank account, or other kinds of property. A trustee is named in the trust document to manage your assets. Transferring ownership of your assets to your revocable living trust has many advantages, especially when you become incapacitated or die. A revocable living trust can save time, money, inconvenience, and the risk of having your estate settled in the public proceedings of a probate court.

Of course, as the owner of the trust you have complete control of the trust for as long as you choose. You can even revoke (cancel) the trust anytime if you wish. When you die, your trustee must follow the instructions in the trust for the distribution of your estate.

A revocable living trust can help you manage your assets, care for your loved ones, and realize charitable giving goals. Best of all, you’ll have the peace and assurance that comes from knowing that you’ve helped create a lasting legacy for Christ!

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