Revocable Living Trust

August 18, 2020 in Uncategorized | MARTIN WREN, P.C. | LEAVE A COMMENT

Estate Lawyer

Can you imagine what it would be like for your family members if you were to die unexpectedly without an estate plan in place? Unfortunately, too many people leave this world before designating what will become of their property. Don’t let this happen to you. As you create your estate plan, you can do a revocable living trust. This has many advantages and can give both you and your surviving loved ones peace of mind.

A Brief Definition

A revocable living trust is a legal document. It is intended to be part of a person’s estate plan. In this document, you would detail what assets will pass to which individuals when you die. You make this trust while you are still alive. However, this document is flexible, meaning that it can change as circumstances require. You can also make adjustments to it after writing it.

Similarities to and Differences From a Will

Most people are familiar with a will but aren’t sure how it relates to a trust. Both are key components of the estate plan. In both documents you can name a beneficiary or beneficiaries. These are usually a spouse, partner or children. Both a trust and a will outline to whom your property will transfer when you die. Also, both documents can change as you deem necessary or as changing situations warrant. Unlike a will, a trust allows you to avoid court proceedings. This can eliminate time and stress for your survivors. A trust can also be a private document, while a will is not.

Why a Will Is Essential

A revocable living trust lets your wishes be known at the time of your passing. Doing this ensures that your property will not be tied up in probate. This is also a wise way to avoid family arguments and divisions when you die. If you pass away without having designated who gets your home, car and other possessions, there could be severe strife in your family.

Where To Start

Your best course is to contact an experienced estate planning attorney. Your lawyer knows how to draft a trust and can guide you through the process of including the essential information. This will also ensure that you do everything correctly.

As you learn more about a revocable trust, it is clear to see why you should not leave this out of your estate plan. 

Contact Our Virginia Lawyers

We serve clients throughout Virginia — from Charlottesville and Central Virginia to metropolitan Richmond; Harrisonburg and the Shenandoah Valley to Roanoke; and the cities of Hampton Roads to the Northern Virginia cities of  Fairfax, Alexandria and Arlington.

To speak with one of our attorneys, please call us at (434) 817-3100.

Our Virginia personal injury lawyers at MartinWren, P.C. have a statewide practice and offer free consultations at a time and location that is convenient for you.  We will gladly meet with you at your home or at the hospital, even on nights and weekends.


Disclaimer: Using this contact form or any page of MartinWren, P.C.’s website does not establish an attorney-client relationship.  Please do not submit any confidential, privileged, or other protected information until and unless you have completed a private consultation with a MartinWren, P.C. attorney, the attorney has informed you that no conflict of interest exists, and the attorney notifies you that the firm can take your case. By completing this form you agree that we can follow up with you by phone, email, or by text messaging.

    *Please enter your initials to acknowledge that you have read and understood the Disclaimer above:

    To schedule a free consultation with a personal injury lawyer, please call us at (434) 817-3100.

    latest firm news