What is a Revocable Living Trust?
A revocable living trust is an estate planning tool that can be used to distribute your possessions to people and organizations when you pass away.
To take full advantage of your revocable living trust, you need to transfer your assets and property to the trust during your lifetime. Once you (the trust’s Grantor and Initial Trustee) pass away, a Successor Trustee will distribute the property in the trust according to your wishes outlined in the trust agreement.
Why create a Revocable Living Trust?
TO AVOID PROBATE Avoid costly fees and delays by allowing your assets to be distributed without going through probate.
TO PROTECT YOUR PRIVACY Leave your assets to your heirs without subjecting them to public proceedings.
TO MAKE A PLAN TOGETHER Create a trust with your spouse or partner, so you can protect each other, as well as your children and other beneficiaries.
Why is FreeWill free?
FreeWill’s no-charge product is supported by nonprofit organizations. Many of our will-makers choose to leave a portion of their estate to charity, and we hope you’ll consider doing the same. FreeWill never sells your personal data to third-parties. For more details on FreeWill’s commitment to data security, please read their privacy and security policies.
Do I need a will?
A will is important for everyone, and can be useful regardless of estate size. It’s a way to support the people and causes important to you. Having a will ensures that your wishes are known, saving your loved ones the stress and cost of intestate probate proceedings.
Does FreeWill offer other end-of-life planning documents?
Yes! FreeWill has advance healthcare directives (also known as healthcare proxies or living wills), and durable financial powers of attorney as well. All are free to create.
Can I change my will?
Yes! Your circumstances and wishes may change after you’ve completed your will. If that happens, you can make a new will to replace your old one. All you have to do is sign the new will with witnesses and remember to destroy the previous one.
Why use FreeWill?
TO BE THOUGHTFUL Make important decisions where they belong – at home.
TO BE KIND Support the people and causes that mean the most to you.
TO BE SAVVY Save time, money, and stress for you and your loved ones.