When you die, any bank account in your name alone freezes until a probate judge approves someone to access it. A revocable living trust lets you transfer assets quickly and privately without court delays, though state laws vary on how trusts work.
Any bank account you have that is in your name alone will be frozen when you die, and that is what will happen if you die with a will or without a will. And those accounts will stay frozen until a probate judge orders that your representative can have access to them. Only the judge knows when that will be. You do not have to put your assets and your family at the mercy of a probate court. Create a revocable living trust and you can bypass all of that. With a revocable living trust, your assets will likely pass in private and quickly. Some states' laws differ on these kinds of trusts, but you should seriously consider a revocable living trust as a part of your overall estate planning package.
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