Revocable Living Trust in Massachusetts and Pennsylvania

For revocable living trust advice in Massachusetts and Pennsylvania, try Miller Law Firm. We help you understand everything about a revocable living trust.

Estate planning, such as a revocable living trust, is not just for the extremely wealthy.  Getting expert advice on this topic is essential, and if you live near eastern Pennsylvania and Framingham, Massachusetts, Miller Law Firm can provide it. But what is a revocable living trust? 

A revocable living trust is a legal document that explains what will happen to your assets in the future. The trust lays out what can and cannot be done with your property and other assets during your lifetime, should you become incapacitated, and after your death.  You can change the details of a revocable living trust agreement at any time with the help of a professional estate planning attorney.

Pros and Cons of Revocable Living Trust

There are many benefits to putting your assets in a revocable living trust agreement.  One of the major benefits is that your estate will not become public knowledge when you die, which it would with a will that has to be taken through court.  A living trust allows those details to stay within the family. Another benefit is that you can still use the assets in the trust while you are alive. A revocable living trust gives you the ability to decide exactly what you want done with your inheritance. It prevents family members from arguing about a will and also includes instructions for how and when minors can access the assets they inherit.

However, there are both pros and cons of revocable living trust agreements. A trust is more expensive to put in place than a will, as it takes more time, paperwork, and legal help. It also needs to be maintained throughout your life. There is no tax break associated with a revocable living trust, either. Assets placed in the trust can still be used to gain income and will be taxed. They do avoid probate fees, though. 

How Much Does a Revocable Living Trust Cost?

Getting expert legal advice is vital when establishing a revocable living trust.  This advice, of course, does not come cheap. Expect to spend a couple of thousand dollars on understanding and establishing your trust. However, the revocable living trust cost can be worth it if you are certain your attorney is the best.

Miller Law Firm is an estate planning attorney that can help with revocable living trust agreements and other elder law matters. Make an appointment at one of our locations:

  • King of Prussia, PA 
  • Framingham, MA 
  • Lebanon/Lancaster, PA 

Our services extend to Reading, PA as well.

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When it comes to estate planning, elder care law, and other legal services, you deserve personal attention, and that’s exactly what we will provide you with.

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Trusts

Steve was great from start to finish. We were looking ahead for our families future and knew we had to call Steve. Steve broke everything down in plain terms, which helped me and wife decide which way to go. I would recommend Steve to any...

Jonathan

21st August 2020

Legal dispute

Very satisfied by results. More then willing to recommend to anyone!! Open communication and prompt call backs.

Mike

3rd June 2020

What a relief!

Mr. Miller's help and service were very professional and much needed. Having financial, personal, and medical issues resolved for the future is a relief to us and a reassurance to our heirs and loved ones.

Pat

30th May 2020

Great help with estate planning

Steve did a great job of helping us with our estate planning. He gave us options and explained how each one would fit our situation. Once we decided how we wanted our estate set up, he was quick to follow up and get things in place. ...

Matt and Jena McKenzie

22nd April 2020

A true humanitarian among attorneys.

Before entering elderly law. Steven was instrumental in supporting and guiding me in my discrimination suite against my employer. I have a disease called Meniere's disease, which causes cases of uncontrolled vertigo. I was hired by a rather...

Keith

8th October 2019

Highly Recommend

We entrusted Steven Miller Esq. to handle our Will and Estate planning. I would highly recommend him.

Aimee

20th October 2017

Rising Star in The Lancaster, PA Area

Handled a real estate closing for us, expedited it quickly and efficiently. Attorney Miller is Well informed, professional and has a very nice demeanor I would recommend him for any legal proceeding. Very honest with a wonderful temperament...

21st January 2015

Great experience.

I hired Steve do defend a consumer credit matter that was dubious from the start.
He was knowledgeable and the case was successful along the lines he predicted.
I would definitely hire Steve again.

Scott

19th January 2015

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