Why You Might Not Need a Revocable Living Trust

There are several reasons why people creating an estate plan in Florida might not need a revocable living trust. A revocable living trust is not a panacea, and like any estate planning tool, you need to be sure that the trust matches your needs and desires before you try to include one in your plan. Today we are going to take a look at several reasons why you might not need a revocable living trust in your estate plan. Why You Might Not Need a Revocable Living Trust: You don t have much to worry about when it comes to probate A lot of people create a living trust primarily because they want to avoid probate. The probate process takes place after a person dies and leaves behind property. This process can be complicated and time-consuming, and minimizing the role probate plays in distributing your estate is what revocable living trusts are designed to do. However, if you don t have a large estate, or don t own a lot of property, a revocable living trust may not be a cost-effective tool.
http://www.kulaslaw.com/revocable-living-trust-2/

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