A lot of people are under the belief that the use of a Revocable Trust is to limit or avoid estate taxes. While such a trust can be used for this purpose, taking into consideration that you can pass over 11 million dollars without this being a concern under the new tax law, this is no longer a primary focus. This form of Trust can, if properly drafted and utilized, help to avoid probate and guardianship issues. By establishing a Trust and funding the Trust (titling you assets in the Trust), you can make the process easier for whomever will be handling your estate should your become incompetent, incapacitated or pass away. You can set forth how you want your assets handled and who your beneficiaries will be. The time, hassle and paperwork needed to administer a Trust is minimal compared to having to deal with probate, or even worse, a guardianship.