Revocable trusts -

Don’t forget to fund the trust throughout your lifetime -

Many estate plans are built around revocable trusts (sometimes called “living trusts”). These trusts allow you to 1) avoid the time, expense and privacy concerns associated with the probate process, 2) specify how your assets will be managed and distributed after your death, and 3) provide for the management of your financial affairs should you become incapacitated. And because these trusts are revocable, you’re free to modify or terminate them as you see fit.