Revocable Living Trust

This document provides for probate proceeding avoidance by transferring assets to a trustee(s) during life with instructions concerning distribution of these trust assets at death. For married couples, the husband and wife are typically the trustees while living. At the death of the first spouse to die, full use is made of the federal estate tax credit to minimize the impact of federal estate taxes at the death of the second spouse. In addition to those desiring to avoid probate, individuals who own real estate in multiple states and those who no longer desire to personally manage their assets frequently establish revocable living trusts.

Lange Law Firm, P.A.
Highland Bank Building, 5270 West 84th St, Suite 300, Bloomington, Minnesota 55437-1385
Phone: (952) 837-1900, Fax: (952) 835-2236, Email: info@willandtrust.com