PHOENIX - June 4, 2024 - PRLog -- Estate planning ensures your assets are protected and distributed according to your wishes, and a revocable living trust helps avoid family disputes. This legal document holds ownership of an individual's assets during their lifetime and designates how they will be distributed upon death, bypassing a potentially lengthy and costly probate process.

See how revocable living trusts can prevent family conflicts through the experiences of famous individuals:

• PRINCE. The legendary musician passed away in 2016 without a will, leading to a prolonged legal battle over his multi-million dollar estate. With a revocable living trust, Prince could have specified exactly how he wanted his assets to be distributed, thereby avoiding court altogether and the acrimonious disputes among his siblings and half-siblings that ensued after his death.
• ROBIN WILLIAMS. The beloved actor and comedian Robin Williams had a well-drafted revocable living trust in place before his tragic death in 2014. Using a trust, Williams ensured that his assets were distributed privately and efficiently to his beneficiaries without public probate proceedings. This proactive approach helped prevent potential conflicts among his loved ones.
• ARETHA FRANKLIN. The Queen of Soul passed away in 2018 without a will or trust, leaving her estimated $80 million estate vulnerable to familial disputes. Without clear instructions regarding asset distribution, Franklin's four sons had to navigate a complex probate process, leading to delays and potential conflicts. By establishing a revocable living trust, Franklin could have safeguarded her legacy and prevented disagreements among her heirs.

By clearly outlining your wishes and designating a trustee, you can mitigate the risk of disagreements and legal battles. A revocable living trust also allows for greater privacy in asset distribution. Unlike a will, which becomes a matter of public record during probate proceedings, a trust maintains confidentiality. This helps prevent family conflicts from publicly airing financial details. Moreover, the trust's creator can amend or revoke the trust to accommodate financial or familial changes, which can address potential conflicts.

About Trajan Wealth
Trajan Wealth, LLC was founded in 2012 by CEO Jeff Junior. Before his 20+ years in the financial services profession, Jeff served in the United States Marine Corps. He continues to serve his clients and employees with the utmost service, respect, and attention to detail.

By using low-cost, diversified portfolios under its fiduciary standard and working closely with its investment advisors and estate attorneys within one office, the company provides long-term support for retirement needs and estate plans, including wealth accumulation and tax planning strategies. Locations span Arizona, Colorado, Florida, Georgia, Texas, Utah, and soon Illinois.

Schedule a complimentary consultation here (https://trajanwealth.com/), or call 1-800-838-3079.

Disclaimer:
*Advisory services offered through Trajan® Wealth L.L.C., an SEC registered investment advisor. Legal services are offered through ​Trajan® Estate, L.L.C. ​in Arizona and Utah, and independent law firms in other states.

Contact
Tami Hampshire
***@trajanwealth.com
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Source: Trajan Wealth

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