Revocable Living Trusts and the Probate, Estates, Wills, and Trusts Lawyer Resource Center
for Attorneys and the general public, located in Washington DC and Maryland


Benefits of the Revocable Living Trust

Revocable Living Trust

Think of the Revocable Living Trust (RLT) as a separate legal entity, like a corporation. You transfer title of assets into the trust, like funding a corporation. While you are alive, you control all the assets in the trust, just like you would if you owned all the shares of a corporation. When you die, your trustee, someone you choose and trust, manages the trust for the benefit of your children and other beneficiaries. Your children receive the money only when you direct, so you avoid the problems associated with giving immature children large sums of money outright. People who have chosen to prepare an RLT and who have taken the time to put essentially everything they own into it will greatly relieve themselves and their loved ones of the problems of probate and asset guardianship. The Law Offices of George Teitelbaum, licensed both in DC and MD, can assist. To go to his main web site, which has lots of additional helpful information about estate planning, CLICK HERE .

 According to state law, all assets "in" your RLT, that is, which are owned by the Trust, will not pass through the "probate estate" or be subject to the probate system upon your death. If you and your spouse are acting as the Trustees of your own Trust and one of you becomes disabled or incompetent, the other Trustee can easily replace the disabled Settlor as Trustee without court-administered guardianship proceedings. This can save the family a great deal of money, and reduce the stress and anxiety associated with guardianship. A child or trusted friend or relative can serve if you are unmarried or if your spouse cannot serve.

 With a trust, you are not subject to the interference, delays, publicity, and cost of the probate system. Planning with a trust can save the average American family about $30,000 in probate fees, attorney fees, and court costs alone, according to a national study by the AARP. The up front cost of a trust is somewhat higher than a will, but the savings in the end make the initial expense more than worthwhile.

 Your RLT can provide you with the following benefits and advantages:
Compared to Probate, your RLT:

As Compared to Court-Ordered Guardianship, your RLT:
As Compared to A Power of Attorney, your RLT:
As Compared to Joint Ownership, your RLT:

Your estate plan should be structured to minimize exposure to probate fees and federal estate taxes. The Federal Estate Tax is usually not the relevant issue for most people. Probate and asset management are the most pressing issues. By its nature, an RLT avoids probate and provides for superior asset management.

 The educational information provided here is only general in nature and is not intended as a legal opinion. For specific advice or assistance, please contact a legal professional.


For those that need further legal assistance, The Probate, Will and Trust Lawyer Resource Center provides an introduction into the District of Columbia and Maryland law practice of Attorney George Teitelbaum, licensed both in DC and MD. Check out George Teitelbaum's Legal Experience and Background, as well as office locations and other contact information. To go to his main web site Click here.

We offer a wide variety of estate and elder law services for clients throughout the District of Columbia and Maryland. Attorney George Teitelbaum also assists clients located out of state that may have legal issues in the District of Columbia.

Law Offices of George A. Teitelbaum
2416 Blueridge Avenue, Suite 200
Wheaton,  MD 20902
(4 blocks North of Wheaton Plaza and the Wheaton Metro Station on the Red Line, right off Georgia Avenue, with easy and convenient parking only steps away)
1025 Connecticut Avenue, Suite 1012
Washington,  DC 20036
(right next to the Farragut North Metro Station on the Red Line)

Probate and estate administration, estate planning, and elder law attorney George Teitelbaum provides representation to clients throughout Washington, D.C., in all areas such as Northwest, Northeast, Southwest, Southeast, George Washington University, Downtown, Dupont Circle, Foggy Bottom, Georgetown, Sheridan, Logan Circle, Mount Vernon Square, Shaw, West End, Barney Circle, Capitol Hill, Chinatown, Judiciary Square, Kingman Park, Navy Yard, Near Northeast, Penn Quarter, NoMa, Southwest Federal Center, Southwest Waterfront, Union Station, and the National Mall. Also, Suburban Maryland, including: Montgomery County, Prince George's County, Wheaton, Silver Spring, Rockville, Bethesda, Aspen Hill, Kensington, Gaithersburg, Olney, Leisure World, and Potomac. Attorney George Teitelbaum also assists clients located out of state that may have legal issues in the District of Columbia or in Maryland.