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Revocable Trust Mt. Pleasant SC
A notebook with notes on revocable trusts in Mt. Pleasant SC

Considering a Revocable Trust in Mt. Pleasant SC? Buxton & Collie Can Help

While the end of life isn’t something we want to think about, we still ought to prepare for whatever may come. As such, it’s beneficial to get estate planning out of the way when you can and make adjustments as life or family arrangements change. For this reason, establishing a revocable trust in Mt. Pleasant SC might be your best option. And if looking for help starting a trust, all Buxton & Collie, LLC to lend a hand.

What’s a Revocable Trust?

A revocable trust can be used as an alternative to some of what a will can accomplish in terms of estate planning. Through a trust (revocable or not), wealth and assets are directed under a private entity and assigned to a trustee of your choosing. The trustee’s job is to manage the distribution of assets under the trust upon your death. Where revocable trusts differ from other trusts is their flexible nature. Throughout your life, you can make changes or adjustments to provisions identified under your trust.

Why Should You Use a Revocable Trust?

Of course, there are other options for distributing assets to beneficiaries after one’s death, such as wills or other trust types. However, revocable trusts offer advantages that might work best with your estate planning.

  • Flexibility – The biggest draw to a revocable trust is the ability to adjust it. For other trusts, once they are in place, there’s no changing them. However, as long as the grantor is living, provisions can be altered.
  • Privacy – Trusts give the grantor, trustee and beneficiaries more privacy after the grantor’s passing. In contrast to wills, which go into the public record, trusts stay between the involved parties.
  • Avoid Probate – Wills, while distributing assets, must still go through the probate process and be approved by the courts. Trusts, on the other hand, avoid probate and the associated fees that go with it.
  • Control – A trust also gives a grantor more control over how funds and assets are distributed upon their death. With a trust, you not only designate who your beneficiaries are but set requirements that must be met before assets are divided.
An elderly couple signing documents for a Revocable Trust in Mt. Pleasant SC

Other Estate Planning Options (And Legal Services)

Revocable trusts for Mt. Pleasant SC residents aren’t always the best option for estate planning. For example, wills are more affordable to set up, and they can address more than your assets upon your death. And other trusts can be more effective when looking to protect your estate. Or, if you don’t require assistance with estate planning, Buxton & Collie can offer other legal services. Our practice areas include:

Give Us a Call

If a revocable trust in Mt. Pleasant SC is something you are considering establishing, find help setting it up from the experienced team at Buxton & Collie, LLC. To learn more, contact us today at 843-606-2397 for a consultation. Also, we are located at 940 Johnnie Dodds Blvd, Ste 100, Mt. Pleasant, SC 29464.