Revocable Trusts have been sold by many in the estate planning industry as the panacea for all difficulties in dealing with assets when their owner dies. “If I have a Revocable Trust,” a layperson might say, “then I avoid probate.” This idea often reflects the mistaken impression that a person’s mere signing of the trust […]
Assets: Each a Little Estate Planning Project of its Own
How often I hear clients breathe a sigh of relief after signing their “big” estate planning documents. By “big” estate planning documents, I mean their Last Wills and, if they are using a Revocable Trust plan, their trusts. Getting those documents signed is, of course, a big step and, when it is taken, worth some […]