Kansas Revocable Living Trust

The Kansas revocable living trust, unlike a will, will avoid the probate process after the death of the Grantor. Avoiding this process can save the Beneficiaries time and money when making claims on the assets they have been bequeathed. Furthermore, property and assets within a living trust are not made public record upon the death of the Grantor, allowing the family and inheritors to maintain privacy. A Kansas revocable living trust does not have the same estate tax benefits as an irrevocable trust, but it is not without advantages. Besides avoiding probate and keeping the estate distribution private, the Grantor maintains access to their assets in full during their lifetime. Even if they become mentally unfit to manage the Trust (as Grantors often appoint themselves as Trustee), the Grantor can still use these assets with help from a Successor Trustee. Without a revocable living trust, a court-appointed conservator may have to step in to manage the estate.

Laws – § 58a-60

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