Domain: tiger-web1.srvr.media3.us Revocable Living Trust (RLT) | Page 2 | Money Talk
Started By
Message

re: Revocable Living Trust (RLT)

Posted on 3/1/26 at 6:38 pm to
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7371 posts
Posted on 3/1/26 at 6:38 pm to
Probates in Louisiana are not difficult if you go to the right attorneys. They should be able to be done in 30 days. Trust attorneys talk so many people into doing trusts that don’t need them. Then they sell a house in a trust and complain about having to open a bank account in the trust name.
Posted by 1609tiger
Member since Feb 2011
3791 posts
Posted on 3/1/26 at 8:01 pm to
Unless privacy is an issue for some reason I don’t see the point.
Posted by KWL85
Member since Mar 2023
3590 posts
Posted on 3/2/26 at 9:19 am to
quote:

No, a revocable living trust (RLT) does not automatically convert assets to trust ownership at death; assets must be funded into the trust during the grantor's lifetime or designated to transfer to the trust through a will or beneficiary designation. If not properly funded, the assets may go through probate instead.


Thanks for commenting. I will research this. My attorney wrote this into my Will documents. Hopefully, she didn't mislead me. Some due diligence needed on my part.
This post was edited on 3/2/26 at 9:21 am
Posted by slackster
Houston
Member since Mar 2009
91511 posts
Posted on 3/3/26 at 7:05 pm to
quote:

Probates in Louisiana are not difficult if you go to the right attorneys. They should be able to be done in 30 days. Trust attorneys talk so many people into doing trusts that don’t need them. Then they sell a house in a trust and complain about having to open a bank account in the trust name.


I agree wholeheartedly.
first pageprev pagePage 2 of 2Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram