--- title: "Revocable Trusts: Protection, Savings" description: A revocable trust is an excellent estate planning tool that can protect assets and save substantial money for the settlor's estate. --- [Dan's Desk](https://www.gallatin-law.com/blog/author/dan-gallatin) - [lawyer](https://www.gallatin-law.com/blog/tag/lawyer) - [hugo](https://www.gallatin-law.com/blog/tag/hugo) - [MN](https://www.gallatin-law.com/blog/tag/mn) - [law](https://www.gallatin-law.com/blog/tag/law) - [attorney](https://www.gallatin-law.com/blog/tag/attorney) - [legal](https://www.gallatin-law.com/blog/tag/legal) [Subscribe](https://www.gallatin-law.com/blog/revocable-trusts-protection-savings#) 01/13/2016 # Revocable Trusts: Protection, Savings - - - - - [mailto:?subject=Revocable%20Trusts%3A%20Protection%2C%20Savings&body=https%3A%2F%2Fwww.gallatin-law.com%2Fblog%2Frevocable-trusts-protection-savings](mailto:?subject=Revocable%20Trusts%3A%20Protection%2C%20Savings&body=https%3A%2F%2Fwww.gallatin-law.com%2Fblog%2Frevocable-trusts-protection-savings) A revocable trust is an excellent estate planning tool that can protect assets and save substantial money for the settlor's estate. I analogize a revocable trust to a company. There is an entity (the trust) that holds the assets and money. The entity has its own life that perpetuates beyond the life of the entity's owner. Like the CEO of a company, the settlor can retain control over the use of the entity's assets and direct the entity's "business". A revocable trust will save the settlor's estate significant money by keeping the estate out of probate. Probate, even if an attorney is not hired to represent the personal representative, will almost certainly cost thousands of dollars in court filing fees, publication fees, and other out-of-pocket costs. If done properly, the revocable trust permits the settlor's estate to steer clear of probate and distribute the trust's assets directly to beneficiaries. This information is just to give a hint of information on how a trust could benefit you. For further information, feel free to call and we can discuss whether a revocable trust is right for you. The material contained herein is provided for informational purposes only and is not legal advice, nor is it a substitute for obtaining legal advice from an attorney. Each situation is unique, and you should not act or rely on any information contained herein without seeking the advice of an experienced attorney. All information contained in links are the property of the linked site. - [asset](https://www.gallatin-law.com/blog/tag/asset), - [attorney](https://www.gallatin-law.com/blog/tag/attorney), - [family](https://www.gallatin-law.com/blog/tag/family), - [hugo](https://www.gallatin-law.com/blog/tag/hugo), - [legacy](https://www.gallatin-law.com/blog/tag/legacy), - [estate](https://www.gallatin-law.com/blog/tag/estate), - [estate planning](https://www.gallatin-law.com/blog/tag/estate-planning), - [lawyer](https://www.gallatin-law.com/blog/tag/lawyer), - [MN](https://www.gallatin-law.com/blog/tag/mn), - [probate](https://www.gallatin-law.com/blog/tag/probate), - [revocable trust](https://www.gallatin-law.com/blog/tag/revocable-trust), - [will](https://www.gallatin-law.com/blog/tag/will), - [trust](https://www.gallatin-law.com/blog/tag/trust) ![Dan Gallatin](https://www.gallatin-law.com/hubfs/assets-mjfw/site%20images/Dans-Desk.jpg) ## [Dan Gallatin](https://www.gallatin-law.com/blog/author/dan-gallatin) Dan is a lifelong resident of Minnesota. Born in St. Paul, Dan spent many of his formative years growing up there before moving to White Bear Lake. After graduating from White Bear Lake, Dan spent four glorious years at the University of Wisconsin-Madison, earning a degree in two majors. Dan worked as a Senior Investigator at the Minnesota Department of Commerce for several years after graduating from college. During his final years Dan attended William Mitchell College of Law while still working full-time. During this exhausting 3 ½ year period Dan honed his skills in becoming an efficient, to-the-point legal practitioner. While at Madison Dan met his wife, Tonya, and together they moved to Minnesota to plant their roots. Dan and Tonya have two amazing, unique children and reside in Hugo. ### CONNECT WITH ME - ## Related Posts [09/23/2015 Welcome to my desk Greetings and thank you for taking the time to visit my website. Read Post ](https://www.gallatin-law.com/blog/hugolawyerhello) [06/01/2016 Utilizing a Life Estate for Property Transfers An underutilized tool for helping loved ones stay in their home through the end of their presence here on Earth is a life estate. A life estate… Read Post ](https://www.gallatin-law.com/blog/utilizing-a-life-estate-for-property-transfers) ### Subscribe Here! ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Dan Gallatin", "url" : "https://www.gallatin-law.com/blog/author/dan-gallatin" }, "dateModified" : "2020-08-21T22:59:30.543Z", "datePublished" : "2016-01-13T06:00:00.000Z", "headline" : "Revocable Trusts: Protection, Savings", "mainEntityOfPage" : { "@id" : "https://www.gallatin-law.com/blog/revocable-trusts-protection-savings", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.gallatin-law.com/hubfs/logos/Gallatin-Logo-654x84.png" }, "name" : "Gallatin Law, PLLC" } } ```