A Revocable Living Trust Is

A Revocable Living Trust is a legal arrangement you create during your lifetime. You transfer assets into the Trust, name yourself as trustee, and keep full control - you can buy, sell, or change the Trust whenever you wish. The Trust simply holds the legal title to your assets.

Why Families Use One

The two biggest reasons are probate and incapacity. Assets held in a Living Trust pass directly to your named beneficiaries when you die - no probate, no public court file, no delays. And if you become unable to manage your own affairs, your chosen successor trustee steps in automatically, without a court-appointed guardianship.

Funding Is the Key Step

A Trust only controls the assets that have actually been transferred into it - the house, bank accounts, investments, and other property retitled in the Trust's name. This funding step is where many do-it-yourself plans fail. Part of the service is making sure your assets are properly funded so the Trust actually works when your family needs it.

How It Works With Rosswurm Legal

Tracey comes to your home, reviews what you own and who you want to protect, and builds a Trust plan that fits - then makes sure the paperwork is signed and the assets are funded. Flat fee, no hourly billing, done at your kitchen table.

Frequently Asked Questions

What's the difference between a Will and a Living Trust?

A Will names who receives your assets, but it goes through probate - a public, court-supervised process. A Revocable Living Trust lets assets pass directly to your beneficiaries outside of probate, and it also provides for management of your affairs if you become incapacitated. Many Estate Plans use both.

Do I lose control of my assets in a Living Trust?

No. With a Revocable Living Trust, you typically serve as your own trustee while you are able - you keep using and managing your assets exactly as before. You can amend or revoke the Trust at any time.

Does a Trust save taxes?

A Revocable Living Trust does not, by itself, reduce income or estate taxes. Its real value is avoiding probate and planning for incapacity. Indiana has no state estate tax, so for most families the Trust is about control and privacy, not taxes.

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Rosswurm Legal, LLC is committed to answering your questions, providing guidance, advice, and peace of mind. Schedule a home consultation and see how simple Estate Planning can be.

Rosswurm Legal, LLC
429 E. DuPont Road, #257
Fort Wayne, IN 46825
260-699-4055
willsandtrusts@rosswurmlegalllc.com

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