Revocable Living Trusts
Avoid probate and create a revocable living trust with our team at Blue Chip Estate Planning.
Do I Need a Revocable Living Trust?
When people think about estate planning, a lot of times, a last will and testament is top of mind. Unfortunately, a will is only useful once your estate has entered probate. In order to avoid courts deciding how to handle your assets in probate, as well as up to months of legal fees, you need to establish a revocable living trust.
What is a Revocable Living Trust?
Your Client Journey
Your Client Journey
The Final Step is Funding Your Trust
Your work starts after you sign the documents.
For your plan to function as intended, it is essential that you complete your homework. Typically, you will need to contact your investment advisor and life insurance agent, and visit your bank to retitle your accounts to the name of your living trust and update beneficiary designations. If you are still employed, you likely will need to reach out to the custodian of your 401(k) and to your employer benefits department to update the beneficiaries of your retirement plans and employer provided life insurance. Only after you have taken all these steps is the estate planning process complete.
Our Job Doesn't Stop at Signing.
Our Job Doesn't Stop at Signing.
We have your whole financial picture in mind.
Contact Us
About Us
Blue Chip Estate Planning, PLLC is part of the Blue Chip Partners’ family of companies offering you the option of a one-stop solution for your estate planning, financial planning, and investment needs. Our goal is to be your all-in-one solution.
Blue Chip Partners, LLC is a wealth management firm that provides highly personalized financial planning and portfolio management services to over 800 clients. Blue Chip Partners has 31 employees and over $1.5 billion in assets under management as of December 31st, 2024.
