A Revocable Living Trust has two primary purposes: 1) to avoid probate (see below); and 2) to provide more structure to the distribution of your assets after you have passed. The trust allows all assets titled in the Trustee’s name to avoid the probate process and be capable of use immediately after your death, and it allows the Trustor to put specific rules around how the Beneficiaries should receive the Trustor’s assets and when those distributions should take place.
Paul Yokabitus is the CEO and Managing Partner of Cary Estate Planning, a Cary, NC, estate planning law firm. With years of experience in estate and elder law, he has zealously represented clients in various legal matters, including estate planning, guardianship, Medicaid planning, estate administration, and other cases.
Paul received his Juris Doctor from the Campbell University School of Law and is a North Carolina Bar Association member. He has received numerous accolades for his work, including being named among the “Best Attorney in Cary” in 2016 and 2017 by Cary News and Rising Star in 2020-2023 by Super Lawyers.