Flexible.
Intentional.
Strategic.
Revocable Living Trusts provide the ideal amount of flexibility and freedom; protecting and preserving your wealth and assets to pass along to your beneficiaries.
Having a trusted advisor is an essential step in creating a Revocable Living Trust that works for you, is flexible and able to be changed until your death, and ultimately ensures that the transfer of your assets is more confidential and efficient.
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Revocable Living Trusts need to be set up and created, but once in place, they have the added benefit of avoiding the probate process, which can be overly complicated, lengthy, and a huge burden to everyone involved, including your Trustee and Beneficiaries.
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While there is an initial cost to create your Revocable Living Trust, the benefits can be significant. When a Revocable Trust is not in place, legal fees can stack up quickly and chip away at the wealth you set aside to pass along to your children, family, and beneficiaries.
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Provide your family and loved ones a much smoother process, allowing you to pass along your assets and wealth with dignity, efficiency, and peace of mind.
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Create a Revocable Living Trust with Enduro Tax Advisory today.
The impact of a Revocable Living Trust.
Efficiency and time
On average in the US. the probate process can take up to 20 months to complete. This requires consistent support from a legal advisor, and significant time spent by the Trustee after you pass.
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A Revocable Living Trust streamlines and reduces unnecessary expenses for you and your loved ones, a process completed in weeks, not months or even years.
Cost and legal fees
Legal, administrative, and probate fees and expenses can be 3% of the total estate value and in some cases be as high as 7%.
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A Revocable Living Trust may reduce legal fees all the way down to 0.2% on average (depending on complexity and other factors).
Privacy
Revocable Living Trusts remain private and the information is not available to the public, unlike the probate process.
This can cause issues with beneficiaries and adds unnecessary complexity and stress to all parties involved.
Adaptable
A Revocable Living Trust can be amended, changed, or cancelled as things can happen that require you to adjust what is passed on, how much beneficiaries will receive, and who all will be listed in the trust.
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These changes can seem minor, but having the flexibility to adjust is a huge benefit and saves you time and prevents your loved ones from navigating a lengthy, overly complicated process.
Expert-level insights, strategic advice, and comprehensive planning. Enduro Tax Advisory.
I'm Michael Bisbee, Owner of Enduro Tax Advisory.
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Veteran-owned and operated in Eagle, Idaho; where discipline, honor, and strategy drive our commitment to financial success.
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My time in the U.S. Navy taught me precision, leadership, and mission-driven results; principles I now apply to help business owners build wealth, reduce tax burdens, and create financial legacies for hard-working business owners in Idaho.
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Create a tax strategy that works for you, optimizes your tax savings, and preserves your wealth for generations to come.
