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Creating a revocable living trust can keep your heirs out of probate and keep your financial data private.

Generally, you are both the trustee and the beneficiary of a revocable living trust, so you control the assets and can change the terms of the trust whenever you want. You name a successor trustee to manage and distribute your assets when you die or in the event you become incapacitated.

However, a living trust does not replace a will. Instead, you might use a pour over will in addition to the trust, even if the trust holds most of your assets.

Despite the advantages, there are two things that creating a revocable living trust won't do: It won't save income or estate taxes and it won't protect your assets from creditors.

Contact us to get the full details of how a revocable living trust can help you. Paul D. Brick, CFP® can assist you in establishing an estate plan that accomplishes your goals. You can reach Paul at 717-757-6999 or 800-745-8233 or email him by using the form below.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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Securities and advisory services offered through Geneos Wealth Management, Inc. Member FINRA/SIPC. Geneos Wealth Management, Inc is not affiliated with Stambaugh Ness.