{"id":1788,"date":"2015-03-06T12:52:32","date_gmt":"2015-03-06T18:52:32","guid":{"rendered":"https:\/\/pollanlaw.com\/?page_id=1788"},"modified":"2015-03-06T12:56:58","modified_gmt":"2015-03-06T18:56:58","slug":"explanation-of-other-trusts","status":"publish","type":"page","link":"https:\/\/pollanlaw.com\/?page_id=1788","title":{"rendered":"Advantages of Revocable Trust over Wills"},"content":{"rendered":"

WHAT IS A REVOCABLE LIVING TRUST<\/span><\/strong>?<\/strong><\/p>\n

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 <\/p>\n

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  1. An entity (Trust) created to hold title<\/em> to and manage<\/em> assets for the benefit of named individuals.<\/li>\n<\/ol>\n

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     <\/p>\n

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    1. Can be easily changed while individual is alive.<\/li>\n<\/ol>\n

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       <\/p>\n

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       <\/p>\n

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      1. Controlled by individual(s) who set up trust.<\/li>\n<\/ol>\n

         <\/p>\n

         <\/p>\n

        \u00a0<\/strong><\/p>\n


        \n<\/strong><\/p>\n

        \u00a0<\/strong><\/p>\n

        ADVANTAGES OF A REVOCABLE LIVING TRUST OVER WILL<\/p>\n

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        1. AVOID PROBATE<\/span>.<\/strong><\/li>\n<\/ol>\n

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          1. AVOID GUARDIANSHIP!!!<\/span><\/strong><\/li>\n<\/ol>\n

            \u00a0<\/span><\/strong><\/p>\n

            \u00a0<\/span><\/strong><\/p>\n

            \u00a0<\/span><\/strong><\/p>\n

            \u00a0<\/span><\/strong><\/p>\n

            \u00a0<\/span><\/strong><\/p>\n

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            1. OBTAIN TAX & OTHER BENEFITS OF ESTATE PLANNING DOCUMENTS NOW<\/span><\/strong>.<\/li>\n<\/ol>\n

               <\/p>\n

               <\/p>\n

               <\/p>\n

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              1. AVOID WILL CONTESTS AND PARTITIONS<\/span>.<\/strong><\/li>\n<\/ol>\n

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                 <\/p>\n

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                BASIC ESTATE PLANNING DOCUMENTS EVERY PERSON\/COUPLE NEEDS<\/p>\n

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                1. REVOCABLE LIVING TRUST<\/span> FOUNDATION OF PLAN<\/strong><\/li>\n<\/ol>\n

                   <\/p>\n

                   <\/p>\n

                   <\/p>\n

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                  1. POUROVER WILL<\/span><\/strong><\/li>\n<\/ol>\n

                     <\/p>\n

                     <\/p>\n

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                      \n
                    1. LIVING WILL OR \u201cDIRECTIVE TO PHYSICIANS<\/span><\/strong>\u201d<\/span><\/li>\n<\/ol>\n

                       <\/p>\n

                       <\/p>\n

                       <\/p>\n

                        \n
                      1. DURABLE GENERAL POWER OF ATTORNEY<\/span><\/strong><\/li>\n<\/ol>\n

                         <\/p>\n

                         <\/p>\n

                         <\/p>\n

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                        1. DURABLE POWER OF ATTORNEY FOR HEALTH CARE<\/span><\/strong><\/li>\n<\/ol>\n

                           <\/p>\n

                           <\/p>\n

                           <\/p>\n

                            \n
                          1. DECLARATION OF GUARDIAN<\/span><\/strong>.<\/li>\n<\/ol>\n

                             <\/p>\n","protected":false},"excerpt":{"rendered":"

                            WHAT IS A REVOCABLE LIVING TRUST?       An entity (Trust) created to hold title to and manage assets for the benefit of named individuals.       Can be easily changed while individual is alive.         Controlled by individual(s) who set up trust.     […]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-1788","page","type-page","status-publish","hentry"],"yoast_head":"\nAdvantages of Revocable Trust over Wills - Pollan Law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pollanlaw.com\/?page_id=1788\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advantages of Revocable Trust over Wills - Pollan Law\" \/>\n<meta property=\"og:description\" content=\"WHAT IS A REVOCABLE LIVING TRUST? 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      An entity (Trust) created to hold title to and manage assets for the benefit of named individuals.       Can be easily changed while individual is alive.         Controlled by individual(s) who set up trust.     […]","og_url":"https:\/\/pollanlaw.com\/?page_id=1788","og_site_name":"Pollan Law","article_modified_time":"2015-03-06T18:56:58+00:00","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/pollanlaw.com\/?page_id=1788","url":"https:\/\/pollanlaw.com\/?page_id=1788","name":"Advantages of Revocable Trust over Wills - Pollan Law","isPartOf":{"@id":"https:\/\/pollanlaw.com\/#website"},"datePublished":"2015-03-06T18:52:32+00:00","dateModified":"2015-03-06T18:56:58+00:00","breadcrumb":{"@id":"https:\/\/pollanlaw.com\/?page_id=1788#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pollanlaw.com\/?page_id=1788"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/pollanlaw.com\/?page_id=1788#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pollanlaw.com\/"},{"@type":"ListItem","position":2,"name":"Advantages of Revocable Trust over Wills"}]},{"@type":"WebSite","@id":"https:\/\/pollanlaw.com\/#website","url":"https:\/\/pollanlaw.com\/","name":"Pollan Law","description":"Dallas TX Attorney | Estate Planning and Series LLC","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pollanlaw.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/pollanlaw.com\/index.php?rest_route=\/wp\/v2\/pages\/1788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pollanlaw.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pollanlaw.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pollanlaw.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/pollanlaw.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1788"}],"version-history":[{"count":3,"href":"https:\/\/pollanlaw.com\/index.php?rest_route=\/wp\/v2\/pages\/1788\/revisions"}],"predecessor-version":[{"id":1791,"href":"https:\/\/pollanlaw.com\/index.php?rest_route=\/wp\/v2\/pages\/1788\/revisions\/1791"}],"wp:attachment":[{"href":"https:\/\/pollanlaw.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}