A revocable living trust lets you keep full control over your assets during your lifetime, while making sure they pass directly to your family when you die, without the delay and expense of probate. Heritage Law builds revocable living trusts for Nebraska and Iowa families, starting at $3,000 for straightforward planning.
A will alone still has to go through probate, a public, often slow court process. A properly funded revocable living trust avoids that entirely for the assets it holds. It also keeps your financial affairs private, since a trust does not become part of the public record the way a probate filing does. And because you remain the trustee during your lifetime, you keep full control. You can buy, sell, or change beneficiaries whenever you want.
What a revocable trust does for you:
A trust document alone does nothing. It only protects the assets that are actually retitled into its name, your home, your bank accounts, your investment accounts. This step, called funding, is where many trusts fail to deliver what people expect. We walk you through funding directly — your home, your bank accounts, your investment accounts — rather than handing you a document and leaving you to figure out the rest. Our trust administration page covers what happens after that, once the trust is funded and needs to be managed.
A revocable living trust is a legal arrangement that holds your assets during your lifetime, lets you keep full control over them, and passes them directly to your beneficiaries when you die, without going through probate. You can change or cancel it at any time while you are alive.
A revocable trust can be changed or cancelled by you at any time while you are alive, which gives you flexibility but less protection from creditors. An irrevocable trust generally cannot be changed once it is created, which sacrifices flexibility in exchange for stronger asset protection and estate tax benefits. Most people start with a revocable trust unless they have a specific reason, like Medicaid planning or estate tax exposure, that calls for an irrevocable one.
Yes, that is one of its main purposes. Assets titled in the name of your revocable trust pass directly to your beneficiaries when you die, without going through Nebraska or Iowa probate court.
Yes, depending on how it is drafted. A trust can provide significant asset protection for your children after your death if it continues as an irrevocable trust rather than distributing assets outright. The trust can protect your kids from creditors, predators, divorce, lawsuits, disability, alimony, and addiction.
No. Heritage Trust is not a specific type of legal trust. It is likely confusion with Heritage Law, our firm's name. If you are researching trust options, the trusts that actually matter to your planning are revocable and irrevocable trusts, along with more specific types like special needs trusts or farm trusts, not a product called a 'Heritage Trust.'
Trust plans at Heritage Law start at $3,000 for straightforward planning, and go up to $7,500 or more for complex, high-net-worth situations. We will tell you where your situation falls before you commit to anything.
Starting at $3,000, with real guidance on funding it correctly.
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