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Fairfax, Virginia Revocable Living Trust Attorneys
Knowledgeable Lawyers for Revocable Living Trusts in Fairfax
Mr. Robinson and his Firm is beyond amazing.
All the staff has been so helpful. I would always recommend this company. Thank you, Mr. Robinson for everything you have done for myself and my family.
If you are considering setting up an estate plan for your beneficiaries, you might already be thinking about what assets you would like to pass down to your beneficiaries. However, you might have some reservations about putting your assets away in a trust where you may not be able to exert full control over them. In that case, you could consider creating a revocable living trust.
At Robinson Law, PLLC, our Fairfax, Virginia revocable living trust lawyers can help you identify which assets you want to pass down and take steps to protect your peace of mind. We have earned over 375 5-star reviews for our caring counsel, so you can trust us to handle your case with a delicate approach.
What Is a Revocable Living Trust?
A revocable living trust is a legal document that holds your assets during your lifetime and transfers them to your chosen beneficiaries after you pass away. You create the trust, transfer property into it, and typically serve as your own trustee while you are alive and able to manage your affairs. Because the trust is revocable, you can change it, add to it, or dissolve it entirely at any point.
This kind of trust is often used as a central piece of an estate plan. It gives you control over your assets now and gives your family a cleaner path forward later. It can also name a successor trustee, someone who steps in to manage or distribute the trust assets if you become incapacitated or pass away, without the need for court involvement.
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Michael A. Robinson
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Michael A. Robinson founded Robinson Law, PLLC with the mission of providing affordable legal services. He helps individuals and families create revocable living trusts that allow them to maintain control of their assets during their lifetime, plan for future incapacity, and make the transfer of property easier for loved ones after death.
What Assets Can You Put in a Revocable Living Trust?
One of the practical questions people ask when setting up a trust is what actually belongs in it. Most types of property can be transferred into a revocable living trust, though the process for doing so varies depending on the asset. Some common examples include:
- Real estate, including your primary home, vacation properties, and rental properties
- Bank accounts, such as checking, savings, and money market accounts
- Investment and brokerage accounts
- Business interests, including ownership shares in an LLC or closely held company
- Personal property of significant value, such as artwork, jewelry, or collectibles
- Life insurance policies, depending on how the trust is structured
Not every asset belongs in a trust. Retirement accounts like IRAs and 401(k)s are generally kept outside the trust for tax reasons, though the trust can sometimes be named as a beneficiary. An attorney can review your full financial picture and help you decide which assets make sense to transfer and which are better handled through other planning tools.
Do Revocable Living Trusts Bypass Probate in Virginia?
When an asset is held in a revocable living trust at the time of your death, it does not pass through the Virginia probate process. Instead, the successor trustee distributes it directly to your beneficiaries according to the terms of the trust. This can save your family both time and money, since probate in Virginia can take months and involves court fees and public filings.
It is worth noting that a trust only controls what has actually been transferred into it. Assets left outside the trust, and not covered by a beneficiary designation or joint ownership, may still go through probate.
Contact a Fairfax, VA Revocable Living Trust Lawyer
Planning ahead is one of the most meaningful things you can do for the people you love. At Robinson Law, PLLC, our attorneys are ready to help you build an estate plan that reflects your wishes and protects your family. Call 703-844-3746 or contact our Fairfax, Virginia revocable living trust attorneys today to schedule a free consultation.
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- Drug Charges
- Federal Crimes
- White Collar Crimes
- Sex Crimes
- Violent Crimes
- Larceny and Theft
- Traffic Law
- Juvenile Defense
- Probation Violations
- Dos And Don’ts When Talking To A Police Officer
- Dos And Don’ts When Talking To A Prosecutor
- Police, Sheriff And FBI: What’s The Difference?
- The Steps In A Virginia Criminal Defense Case
- What You Can Do To Improve Your Odds Against Criminal Charges
- Expungements
- Personal Injury
- Estate Planning
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