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re: Revocable Living Trust (RLT)
Posted on 3/1/26 at 6:38 pm to slackster
Posted on 3/1/26 at 6:38 pm to slackster
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 on 3/1/26 at 8:01 pm to BigLSUNut
Unless privacy is an issue for some reason I don’t see the point.
Posted on 3/2/26 at 9:19 am to BestBanker
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 on 3/3/26 at 7:05 pm to LSU1018
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.
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