Minnesota Revocable Trusts information from the Maki Law Firm

In Minnesota, a Revocable Trust is one created while a person is alive and can changed or revoked (terminated) at any time during the Grantor's lifetime - as long as they are still competent to do so.

(NOTE: A Revocable Trust BECOMES Irrevocable when the Grantor's dies, becomes incapacitated - e.g. comatose, or is determined to be incompetent.)

Revocable Trusts are the most well-known and popular Trust type. This is mostly due to the powerful benefits and protections they can provide. The virtually unlimited options possible with a Revocable Trust provide an amount of flexibility not offered by any of the other Estate Planning tools. 

While a Will is a basic and necessary part of any Minnesota Estate Plan. However, adding a Revocable Trust gives the savvy Estate Planner the edge in asset control, asset distribution, asset protection, reducing estate taxes, reducing estate fees, increasing privacy and the overall reduction in estate administration hassle - ALL of which your family and loved ones will appreciate. 

Check out this helpful information on Minnesota Revocable Trusts:

What is a MN Revocable Living Trust Maki Law FirmWhat is a Minnesota 'Revocable Living Trust'?

As there is not a uniform legal definition, combining generally accepted definitions of 'Revocable Living Trust' components provides the answer. Such as 'Living vs Testamentary' and 'Revocable vs Irrevocable' Trusts.

Wills vs Trusts - Top 14 Trust Benefits in MN Estate PlanningTop 14 Benefits of Trusts You NEED to Know!

Why should you use a Trust when a Will so much cheaper? A Will IS a basic, and necessary, part of any Estate Plan, but they are no match for the power of Trusts. Check out these 14 Top Benefits of Trusts to find out why!

Where to Next?

Minnesota Estate Planning Information from the Maki Law Firm

Information about MN Estate Planning

Minnesota Wills Information from the Maki Law Firm

A Will is a basic necessity of every Minnesota Estate Plan

Minnesota Revocable Trusts information from the Maki Law Firm
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Minnesota Irrevocable Trust Information from the Maki Law Firm

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The Maki Law Firm Minnesota Estate Planning Home Page

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