There are three primary benefits of a revocable trust. First, it may allow you to avoid probate. Second, you can name a successor trustee who can easily step in to manage your trust assets in the event of your incapacity. Third, you can maintain greater privacy at your death. If all your assets are titled in your revocable trust at your death (referred to as a “fully funded” trust), leaving no more than $80,000 (in 2023) of assets in your individual name, you can avoid probate. If you own property outside of Colorado and you title that property in your revocable trust, you can also avoid going through probate in multiple states. A revocable trust, unlike a will, is not filed with the court at your death. Beneficiaries of a trust are only permitted to see the portions of the trust applicable to them.