The Disadvantages of Revocable Living Trusts: Critical Considerations for Estate Planning
Considering a revocable living trust? Understand the downsides before diving in. Though they offer flexibility and privacy, these trusts can be costly to set up and maintain. They lack tax benefits and creditor protection, and managing them is an ongoing task. Mismanagement risks, probate myths, and potential financial burdens exist. Stay informed and weigh alternative options to secure your estate's future effectively.