What are some advantages of revocable living trusts?
A. The most publicized advantage of revocable living trusts is their ability to avoid probate and thus to reduce the difficulty, delay and expense of transferring one’s estate. However, Texas probate is often less burdensome and expensive than probate in many other states. This is primarily due to limited supervision by Texas probate courts if your will is properly drafted. In addition to avoiding probate, other advantages of a revocable living trust include: (1) Privacy. If your estate is probated in Texas, assets held in your revocable living trust (as of your date of death) are not included in the statutorily required probate inventory of your assets that is a permanent public record; (2) Ancillary Probate Avoidance. If non-Texas real estate is transferred to a revocable living trust before your death, the property will avoid probate in the other state. (3) Contest Deterrent. Revocable living trusts may be less susceptible to a successful contest after your death than your will; and
