Avoiding Probate

In simple terms, if you don’t own anything at your death your estate will not be subject to probate. Most people however, do not want to give everything away while they are still alive and very few people are good at spending all of their money right down to their last minute.

So, the alternative is to create what is known as a revocable living trust to hold all of your assets for your benefit while you are alive. At death, you don’t own anything, you were merely the trustee of your trust and therefore probate is not required.