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Home >> How Using a Living Trust Protects You During Disability

How Using a Living Trust Protects You During Disability

February 20, 2014 by Robert Kulas. Leave a Comment

You might know that a good living trust allows you to avoid probate and keep your estate as private as possible, but you may not be aware that living trusts also have significant incapacity planning benefits. Here are several ways a revocable living trust can help you if you are ever incapacitated.

Your successor trustee takes over when you say.

A lot of people choose to name themselves as their own trustee in their revocable living trust. However, you also need to name a successor trustee who can take over after you die or become incapacitated. Because you create the trust yourself, you can choose when the successor trustee takes over. If you don’t have a revocable living trust and have to rely on a court to name a guardian or conservator, you have no control over when that person takes over.

There is no lengthy court process.

When you create a living trust and transfer some or all of your assets to it, you give that trust a life of its own. Because the trust owns the assets and the trustee manages the trust, that management process won’t be disrupted should you become incapacitated.

For example, let’s say you are in a car accident and are no longer able to manage your property or make decisions. If you placed your assets in the living trust, your successor trustee will begin managing the property as soon as you are incapacitated.

You can learn a lot more about living trusts at one of our next free client workshops. We’ll be in Vero Beach on February 25th, and Port St. Lucie on June 19 and 20th.  Contact our office for registration details.

Filed Under: living trusts Tagged With: living trusts

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I have known Robert Kulas for 20 years since I was co-executor for friends who had Mr. Kulas prepare a Trust for them. When I felt I needed a trust also, I came to him. I have always been completed satisfied with his work and that of his charming, competent staff.

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Mr. Kulas and his staff have been extremely helpful & knowledgeable for the over 3 years we have been associated. They are easy to talk to and explain everything without feeling rushed. Very competent and professional.

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I have worked with Mr. Kulas & staff before. And they are very professional. I am very satisfied with Mr. Kulas and his staff and give them the highest satisfaction and 5 star rating.

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Robert Kulas and staff made making a will an easy to understand process. They were very knowledgeable and attentive to my wishes. All my documents were provided in an organized binder which will be a great asset to my family. I would definitely recommend them.

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Everyone treated us extremely well.  Robert explained how a trust works and the benefits of having one.  We decided to move forward and complete the process.  He was very kind and knowledgeable.  Julie was also very helpful and very patient with our questions.  We felt very comfortable with this firm handling our affairs.  We would highly recommend this firm to our friends and family.

~Janice M
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August 25, 2020
    

"Everyone treated us extremely well.  Robert explained how a trust works and the benefits of having one.  We decided to move forward and complete the process.  He was very kind and knowledgeable.  Julie was also very helpful and very patient with our questions.  We felt very comfortable with this firm handling our affairs.  We would highly recommend this firm to our friends and family."

Janice M
Client Review
August 25, 2020
    

Robert Kulas and staff made making a will an easy to understand process. They were very knowledgeable and attentive to my wishes. All my documents were provided in an organized binder which will be a great asset to my family. I would definitely recommend them.

Krissy L.
Client Review
August 25, 2020
    

I have worked with Mr. Kulas & staff before. And they are very professional. I am very satisfied with Mr. Kulas and his staff and give them the highest satisfaction and 5 star rating.

Leo C.
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August 25, 2020
    

Mr. Kulas and his staff have been extremely helpful & knowledgeable for the over 3 years we have been associated. They are easy to talk to and explain everything without feeling rushed. Very competent and professional.

Mildred W.
Client Review
August 25, 2020
    

I have known Robert Kulas for 20 years since I was co-executor for friends who had Mr. Kulas prepare a Trust for them. When I felt I needed a trust also, I came to him. I have always been completed satisfied with his work and that of his charming, competent staff.

Joan C.
Client Review
August 25, 2020
    

We began our estate plan process in 2004 (12 years ago) and have been pleased with the periodic reviews we have gone through and when changes have been needed the firm has been thorough and professional in making those changes.

L.G.K.
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