What About a Revocable Trust?
Using a revocable trust (or living trust) may be one of the smartest ways to avoid probate. People who use revocable trust do so to avoid the rigors of having the court supervise the process of settling a deceased person’s estate. Having the court system manage your estate can be quite expensive and time-consuming. Fighting out a contested will in court could cost 5 percent of the value of the estate or more, between court costs, fees, and attorney expense. It makes sense to anticipate your needs now, to protect your estate, and protect your intended heirs.
The basic mechanics of a revocable trust.
According to some legal professionals, revocable trusts are harder to contest than a will. More than being harder to contest, a revocable trust also keeps your personal matters personal and private as opposed to a will, which is often recorded publicly during probates.