Handling paperwork like Revocable Living Trust may appear challenging, especially if you are working with this type for the first time. At times a tiny modification may create a big headache when you do not know how to work with the formatting and steer clear of making a mess out of the process. When tasked to add account in Revocable Living Trust, you can always use an image editing software. Others may go with a conventional text editor but get stuck when asked to re-format. With DocHub, though, handling a Revocable Living Trust is not harder than editing a file in any other format.
Try DocHub for fast and productive document editing, regardless of the document format you have on your hands or the kind of document you have to revise. This software solution is online, reachable from any browser with a stable internet access. Edit your Revocable Living Trust right when you open it. We’ve developed the interface so that even users with no prior experience can easily do everything they need. Simplify your forms editing with one streamlined solution for any document type.
Working with different types of papers must not feel like rocket science. To optimize your document editing time, you need a swift solution like DocHub. Manage more with all our instruments on hand.
Hi, Lee Phillips, I'm an attorney. I deal on estate planning a lot. In fact, I'm a Supreme Court counsel. Let me talk to you about opening a bank account in the name of a living revocable trust. You set up the living irrevocable trust. Everybody says, OK, you've got to fund the trust. Actually, the lawyer, half the time or three quarters of the time, writes you a letter that says, you know, the trust really needs to be funded. Well, funding the trust is the key element of the trust. If it's going to avoid probate, it's got to be funded. That means it has to own the cars, the house, the boats, the bank accounts, the brokerage accounts, everything. Let's do a bank account. You're going to get out of the bank-- and 35 years ago, when I started doing this, none of the banks understood what a living revocable trust was. You'd roll in with the trust. You'd say, I want to put the bank account of the trust. And the little girl would look at you like huh. Today, most of the banks understand th...