Attorney Jeffrey P. Coleman list a few situations when having a living revocable trust already set up can prove to be useful.
A revocable living trust has a number a different positive benefits. It can assist in the avoidance of probate.
It can also be there should it be necessary for someone to step in, should you become disabled. If you become disabled and you don’t have a power of attorney, or a trust, and potentially both in place it may be necessary for a guardianship to be established.
Guardianships are very court- and cost- intensive. Living trusts can help avoid this.