Does a revocable trust provide privacy?

A revocable trust can provide more privacy because assets properly held in the trust may be administered under the trust terms without going through the same public probate process that typically applies to a will. A will generally becomes part of the probate record, and probate filings may become public depending on the jurisdiction. A trust does not make your affairs secret, but it can keep the details of the arrangement and distribution more private than relying on a will alone.

Trusts are typically established with the help of a legal professional. Quorum does not provide legal or tax advice. We recommend consulting with your attorney or other professional to determine what's appropriate for your situation. You need to review a strategy for your own particular circumstances that takes into account the applicable laws in your state before making any decisions.

This material is intended for general, informational and educational, purposes only and is subject to change based on a person's circumstances or changes in the law. The accuracy, completeness or reliability of the information provided is not guaranteed.