With Years Of Expertise, Our Team Will Prepare Your Documents Efficiently And Promtly. Get Your Affairs In Order.
Revocable Living Trusts

Atlanta Revocable Living Trust Lawyer

Atlanta's Premier Living Trust Planning and Services

At Meyring Law Firm, we are a full-service law firm that helps clients explore every avenue for creating a sound and effective estate plan, one of which is the revocable living trust. Our Atlanta living trust attorneys are dedicated to creating customized estate plans that reflect a client’s individual goals and take their estate plans to the next level. 

What Is a Revocable Living Trust?

A trust determines how your property is managed and distributed during your life and also upon death. A trust is considered a “living trust” when it is established during your lifetime and as “revocable” when you reserve the right to amend or revoke your trust during your lifetime.

Typically, a revocable living trust involves three parties:

  • The Settlor: Also known as the grantor or trustee, this is the trust’s creator. In a revocable trust, the trust is amended or revoked as the grantor sees fit. The trust remains in a private state and achieves irrevocable status upon the settlor’s death.
  • The Trustee: This person holds title to the trust property and manages it according to the terms. The money or property held by the trustee makes up the trust’s principal. This can frequently change as expenses are incurred or the principal appreciates or depreciates. Often, the settlor serves as the trustee during their lifetime, and another person or trust company serves as the successor after the settlor’s death or if they become incapacitated.
  • The Beneficiary: This is the person or entity entitled to receive the income or principal from the trust. The beneficiary benefits from the income or principal received by the trust. The composition of the revocable trust also allows the beneficiary to avoid the pains of probate court as they go through the trying time of losing a loved one.

Key Benefits of Establishing a Revocable Living Trust

The property held in a revocable living trust at the time of your death is not subject to probate administration. Thus, beneficiaries will automatically receive their inheritance.

Other advantages of a revocable living trust include:

  • The administration of a trust is a private matter and remains out of court. 
  • The trust remains shielded from public discourse.
  • Property can be distributed to beneficiaries shortly after your death, avoiding probate.
  • Probate court approval is not needed to sell trust assets, which expedites the process of liquidating assets that are no longer desired. 

Understanding Revocable Living Trusts in Atlanta

Estate planning in Atlanta can feel overwhelming, especially with the unique challenges of this dynamic city. Local resources, including the City of Atlanta and Fulton County Government, offer vital guidance on property laws and estate regulations that can influence your decisions. Familiarizing yourself with these local nuances is key when exploring the benefits of a revocable living trust.

One significant concern for many Atlanta residents is the time and expense tied to probate court. These concerns are amplified in a bustling metropolitan area where time is precious. A revocable living trust can help your family avoid lengthy probate processes, ensuring assets are distributed efficiently and privately. This approach not only alleviates stress during an emotional time but also allows families to focus on what matters most—healing and moving forward.

Atlanta’s rising property values, particularly in sought-after neighborhoods like Buckhead and Midtown, highlight the need for careful asset protection. A revocable living trust is a flexible tool that allows you to adjust your estate plan as your circumstances evolve. Whether it’s welcoming a new family member, experiencing financial changes, or responding to updates in local laws, this adaptability ensures that your plan remains aligned with your priorities.

Another advantage is the privacy a trust provides. While probate is a public process, a revocable living trust keeps your financial matters out of the public eye. This level of discretion appeals to Atlanta families who value privacy in their personal affairs.

If you are interested in creating a revocable living trust, reach out to Meyring Law Firm so we can set up your case evaluation. Call (678) 257-3332 today! 

Continue Reading Read Less

Why Choose Meyring Law Firm?

  • Lifetime Support
    Our legal help is not a 'one and done' deal. Your future legalities are encompassed in these documents that need to be constantly updated. We are here to provide you with lifetime support.
  • Affordable Fees
    We have an initial document prep fee that will give you access to our attorneys through phone, email or any other medium without being charged extra.
  • Straightforward Guidance
    Our goal is to provide you with guidance you can understand and trust. We want you to feel secure and supported every step of the way.
  • Phone Evaluations

    We offer phone evaluations to help clients find the right path forward. We treat no two cases the same, setting our customer service apart from the rest.

Frequently Asked Questions

Here to Help Every Step of the Way
  • What does “heir” mean?
    An heir is one or more of the nearest living relatives of the deceased person at the time of death. Sometimes the heir is only the surviving spouse or child. Other times the heirs are any number of siblings, nephews and nieces, or cousins.
  • What happens if a will is not probated?
    In Georgia, there is a legal mandate for the holder of a will to submit it to the court for probate per O.C.G.A. § 53-5-5. If a will is not filed with the court, any heir or beneficiary can petition the court to direct the will holder to file the will with the proper court. Wills are meant to be public documents once the grantor has passed away. Sometimes if a will is not filed with the court, beneficiaries and heirs cannot take legal possession of assets specified in the Last Will and Testament.
  • How long does it take to receive an inheritance? When can I get what was willed to me?
    The probate attorney can accurately answer how long it would take to receive an inheritance from an estate that has no will. The experienced attorney can estimate the time it would take to receive a gift from the decedent's will or trust.
  • What does “executor” mean?
    Executor is the person named in the last will and testament that's appointed by the probate court to administer the estate of the decedent according to the will.

Allow Us to Take Care of Your Future Contact Our Atlanta Estate Planning Law Firm Today