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Who Needs A Revocable Living Trust? A revocable living trust is an excellent estate planning tool for individuals and families with various financial and personal circumstances. It is particularly beneficial if you meet one or more of the following criteria: Privacy Concerns: Unlike a will, a revocable living trust does not go through the probate process, which is a public record. This means that the details of your trust, including your assets and beneficiaries, can remain private. Asset Management: If you have a substantial estate or complex assets, a revocable living trust allows you to manage and control those assets efficiently during your lifetime and beyond. It provides a framework for the seamless transfer of assets to your chosen beneficiaries after your passing. Incapacity Planning: A revocable living trust provides a mechanism to manage your assets and affairs in the event of your incapacity. By appointing a successor trustee, you ensure that your assets are handled according to your wishes and that your financial affairs are taken care of without the need for court intervention.