![]() ![]() In these situations it is often advantageous to utilize the revocable living trust to avoid unnecessary delay in the management of a person’s estate. In general, blended families, nontraditional families, business owners, and moderately wealthy to wealthy individuals require more complex estate planning. Why are revocable trusts effective in complex estate planning situations? The expense and time associated with ancillary probate varies widely from state to state. The procedure differs from state to state but usually involves filing a certified copy of the probate with a congressional certificate in the county, parish, or township where the real property is located. Generally speaking, ancillary probate involves hiring another attorney in the jurisdiction where the real property is located. People who own real property outside the State of Texas may be able to avoid the ancillary probate of that property by placing the property into a revocable living trust. How will the revocable trust help me if I own property located outside of Texas? ![]() For example, if a person has a large estate, is leaving a bequest to a non-family member, or does not want an ex-spouse to have information regarding the administration of the estate, a revocable living trust may avoid this information becoming of public record. They do not wish for their will and the assets governed by this will to be of public record. Some people particularly desire privacy in the settlement of their estate.
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