Trusts have actually been around for centuries. They’ve in fact been utilized longer than wills have actually been used.
The revocable living trust got much popularity in the 1970s and continues to be a highly appreciated planning tool.
Your revocable living trust can do lots of things for you.
For example, your trust can:
Organize your assets
Your trust is not a magic book. It needs help.
You need to upgrade your trust (and your whole estate plan) every 3 to five years or upon the event of a major life event (i.e. divorce, remarriage, death, move, etc.)
If you have questions about the revocable living trust, what it can do for you, and what you require to do for it, seek advice from with a competent estate planning attorney.