Question

What was the purpose of a trust? A. to avoid an oversupply of goods available to consumers B. to increase competition and free trade among businesses and corporations C. to establish set prices for goods and services among big businesses D. to prevent other companies from selling the same product or service

Answer 1

The primary purpose of placing your assets into a Revocable Trust is to avoid the expense and delay of the probate process. Keep in mind that anything that you own in your name at the time of your death will go through probate.