There are a few primary benefits to using a revocable living trust in New Jersey: - Avoid probate: all trust assets pass immediately to the beneficiary upon your passing, without delay or fees from dealing with the court and probate process. - Exert control: with a trust you can exert additional control in how or when your heirs receive their inheritance. - Avoid disputes: if you're concerned about someone disputing your estate, a trust goes a long way in showing that your intentions for your estate were valid and not the result of fraud or undue influence. - Maintain privacy: all wills become public record once they go through probate, while trusts remain private documents. The best way to determine whether you need a trust or a will in your estate plan is to schedule a consultation with me to go over your unique situation.

Yes, properly funded trusts avoid probate. Any assets titled in the name of your trust pass directly to your beneficiaries without going through the court process. There are still some assets that may go through probate at your death, but that usually by design (for example many people do not put their day to day cars in their trust). Assets held outside of the trust at your death with go through probate before they are transferred back into your trust and distributed to your heirs.

Absolutely. A Revocable Living Trust can be amended or revoked at any time while you’re alive and mentally capable.