What is one feature of revocable trusts regarding probate?

Revocable trusts, commonly known as living trusts, offer a significant advantage by allowing for privacy and avoiding the probate process. When assets are placed in a revocable trust, they are not considered part of the individual's estate at the time of death, meaning they do not go through the probate court. This can streamline the transfer of assets to beneficiaries, as the terms of the trust govern the distribution without the need for a potentially lengthy and public probate process.

This aspect of privacy is vital for many individuals and families, as probate is a public procedure that exposes estate details, which some people prefer to keep confidential. Therefore, by facilitating a smoother, private transfer of wealth, revocable trusts serve as a valuable estate planning tool.