The general purpose and use of these family revocable trusts are to help an individual avoid the costs associated with the probate process, reduce and in many cases eliminate federal and state estate taxes, and ensure the proper disposition and control of their assets to their family members following their demise.
1. To reduce and possibly eliminate federal and state estate taxes.
2. To protect your assets from the cost of long term care.
3. To not impoverish your spouse.
4. To ensure your assets go where and how you want them distributed.
5. To ensure...