What is a Living Revocable Trust?

Today's blog will be short and simple because I am expecting a phone call. A Revocable Living Trust or otherwise known as Living Revocable Trust is a Trust that may be changed or amended. Simply put, an Living Trust is a living and breathing document while you are alive unlike a will. A Living Trust is a fictional person similar to a business or corporation. The benefit of a Living Trust is it is designed to avoid probate court unlike a will. In Illinois, when one has real estate, generally one must plan in advance to avoid the court called "probate court". Probate court is a court which hears inheritance issues when somebody has deceased with a will or without a will. Sean Robertson is an estate and wealth preservation attorney based in North Aurora and Downtown Chicago, Illinois. Sean Robertson may be reached at 630-800-2033 or 312-854-7102. Our website is www.RobertsonLawGroup.com.