What Are the Benefits of a Trust?

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.