--- title: Living Revocable Trusts description: LIVING REVOCABLE TRUSTS image: https://www.jkelaw.com/hubfs/trust-2021-09-24-03-31-57-utc-1.jpg --- [**Phone:** (773) 983-9117](tel:773-983-9117) 950 Milwaukee Ave, Ste 302, Glenview, IL 60025 [![logo-1](https://www.jkelaw.com/hubfs/logo-1.png)](https://24044772.hs-sites.com/home-page) - [Practice Areas](https://www.jkelaw.com/practice-areas) - [Estate Planning](https://www.jkelaw.com/practice-areas/estate-planning/) - [Wills](https://www.jkelaw.com/practice-areas/estate-planning/wills/) - [Trusts](https://www.jkelaw.com/practice-areas/estate-planning/trusts/) - [Powers of Attorney for Health Care](https://www.jkelaw.com/practice-areas/estate-planning/powers-of-attorney-for-health-care/) - [Powers of Attorney for Property](https://www.jkelaw.com/practice-areas/estate-planning/powers-of-attorney-for-property/) - [Living Wills](https://www.jkelaw.com/practice-areas/estate-planning/living-wills/) - [Transfer on Death Instruments (TODIs)](https://www.jkelaw.com/transfer-on-death-instruments) - [Probate](https://www.jkelaw.com/practice-areas/probate/) - [Estate Administration](https://www.jkelaw.com/practice-areas/estate-administration/) - [Guardianship](https://www.jkelaw.com/practice-areas/guardianship/) - [Residential Real Estate Sales](https://www.jkelaw.com/residential-real-estate-sales) - [Profiles](https://www.jkelaw.com/profiles) - [Presentations](https://www.jkelaw.com/presentations) - [Contact Us](https://www.jkelaw.com/contact-us) - [Blog](https://24044772.hs-sites.com/blog) [SCHEDULE CONSULTATION](https://www.jkelaw.com/contact-us) ![logo-1](https://www.jkelaw.com/hubfs/logo-1.png) - [Practice Areas](https://www.jkelaw.com/practice-areas) - [Estate Planning](https://www.jkelaw.com/practice-areas/estate-planning/) - [Wills](https://www.jkelaw.com/practice-areas/estate-planning/wills/) - [Trusts](https://www.jkelaw.com/practice-areas/estate-planning/trusts/) - [Powers of Attorney for Health Care](https://www.jkelaw.com/practice-areas/estate-planning/powers-of-attorney-for-health-care/) - [Powers of Attorney for Property](https://www.jkelaw.com/practice-areas/estate-planning/powers-of-attorney-for-property/) - [Living Wills](https://www.jkelaw.com/practice-areas/estate-planning/living-wills/) - [Transfer on Death Instruments (TODIs)](https://www.jkelaw.com/transfer-on-death-instruments) - [Probate](https://www.jkelaw.com/practice-areas/probate/) - [Estate Administration](https://www.jkelaw.com/practice-areas/estate-administration/) - [Guardianship](https://www.jkelaw.com/practice-areas/guardianship/) - [Residential Real Estate Sales](https://www.jkelaw.com/residential-real-estate-sales) - [Profiles](https://www.jkelaw.com/profiles) - [Presentations](https://www.jkelaw.com/presentations) - [Contact Us](https://www.jkelaw.com/contact-us) - [Blog](https://24044772.hs-sites.com/blog) [SCHEDULE CONSULTATION](https://www.jkelaw.com/contact-us) ![](https://www.jkelaw.com/hubfs/trust-2021-09-24-03-31-57-utc-1.jpg) # Living Revocable Trusts ![](https://www.jkelaw.com/hubfs/trust-2021-09-24-03-31-57-utc-1.jpg) Many people often wonder if they need a trust or if a simple will is sufficient for their purposes. A living revocable trust can be extremely beneficial to many people if it is used properly and is drafted by someone who focuses on this area of law.  The most common reason for using this type of trust is to avoid probate.  Upon someone’s death probate is often required if the person who died had real estate in his or her own name and/or assets in excess of $100,000.  The expense and the time it takes to go through the probate process can be avoided. In addition to avoiding probate, a properly drafted and utilized living revocable trust can be beneficial to someone who cannot, or who does not want to, make financial decisions.  Another person, bank, or trust company can be named to make these decisions.  A living revocable trust can also be used to give someone a stream of income without giving them control of the assets; this is extremely important if you have minor children or if you would be giving your assets to someone who is not accustomed to handling finances. While there are numerous benefits to using a revocable living trust, assets need to be renamed in the name of the trust for it to be effective.  For example, if John Smith has a house in his own name, and he subsequently executes a living revocable trust, a new deed should be recorded to show the trust owns the home.  Probate would necessary if a new deed was not recorded and unfortunately many people are shocked to learn their homes were never transferred into their trusts! Once a home is transferred to a person’s trust, it is often necessary to notify your insurance agency to properly maintain coverage. \* Please note that this article is for educational purposes only and may be considered advertising material. This article is not legal advice. You should consult an attorney regarding any legal matters. Tags: - [Uncategorized](https://www.jkelaw.com/blog/tag/uncategorized) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https://www.jkelaw.com/blog/living-revocable-trusts) [Share on Twitter](https://twitter.com/intent/tweet?url=https://www.jkelaw.com/blog/living-revocable-trusts&text=Living%20Revocable%20Trusts) [Share on Linkedin](http://www.linkedin.com/shareArticle?mini=true&url=https://www.jkelaw.com/blog/living-revocable-trusts&title=Living%20Revocable%20Trusts) ## Leave a Comment ## Related Posts ![Wills & Trusts: Answers to Basic Questions](https://www.jkelaw.com/hubfs/answering-questions-2021-09-24-04-01-17-utc.jpg) July 11, 2023 ### Wills & Trusts: Answers to Basic Questions Do you need a will or a trust? If you do not have a will and trust or have not updated your documents recently you need to consult with an attorney who concentrates in estate plann... [Read More](https://www.jkelaw.com/blog/wills-trusts-answers-to-basic-questions) ![WHAT TO DO WHEN SOMEONE DIES: Probate & Estate Administration](https://www.jkelaw.com/hubfs/american-taxpayers-must-pay-taxes-when-they-sign-t-2022-05-03-12-12-07-utc.jpg) July 10, 2023 ### WHAT TO DO WHEN SOMEONE DIES: Probate & Estate Administration ACT QUICKLY [Read More](https://www.jkelaw.com/blog/what-to-do-when-someone-dies-probate-estate-administration) ![Are Your Powers of Attorney Outdated?](https://www.jkelaw.com/hubfs/attorneys-are-counseling-2022-11-11-18-15-50-utc.jpg) April 24, 2012 ### Are Your Powers of Attorney Outdated? Powers of attorney for healthcare and property are some of the most important legal documents you can have to protect your interests. They are used to designate someone (an agent) ... [Read More](https://www.jkelaw.com/blog/are-your-powers-of-attorney-outdated) ![logo-footer](https://www.jkelaw.com/hubfs/logo-footer.png) **Disclaimer:** None of the information on this website is legal advice. The information is for informational and educational purposes. The information may also be considered marketing or advertising material. #### Sitemap - [Practice Areas](https://www.jkelaw.com/practice-areas) - [Profiles](https://www.jkelaw.com/profiles) - [Presentations](https://www.jkelaw.com/presentations) - [Contact Us](https://www.jkelaw.com/contact-us) - [Areas Served](https://www.jkelaw.com/areas-served) - [Blog](https://24044772.hs-sites.com/blog) #### Contact Us [(773) 983-9117](tel:7739839117) 950 Milwaukee Ave, Ste 302 Glenview, IL 60025 #### Follow us [Follow us on Facebook](https://www.facebook.com/jacob.ehrensaft.9/) [Follow us on LinkedIn](https://www.linkedin.com/in/jacobehrensaft/) [Follow us on Facebook](mailto:sales@jkelaw.com) © 2026 Law Offices of Jacob K. Ehrensaft, LLC All Rights Reserved. Powered By: [OneIMS](https://oneims.com)