Revocable Living Trust Chart

While you are alive, you fund your Revocable Living Trust by re-titling assets. During your lifetime, you can take assets out and put assets in and you maintain control. Understand that when you transfer the assets to the Trust, the Trust owns your assets, not you individually. You still maintain control during your lifetime to take assets out or put them in.  This means, upon death, probate is not necessary since the Trust holds all the assets. 

 Your loved ones can receive your assets exactly how you arranged when you created your Trust. 

If assets are not funded into the trust at the time of passing, then those assets must be probated. 

The best choice is to fund your trust and ensure your assets are protected for your loved ones and that no time and money and spent in probate court, which could take 1-3 years.