Trusts have been around for centuries. They’ve actually been used longer than wills have been used.
The revocable living trust gained much appeal in the 1970s and continues to be an extremely respected planning tool.
Your revocable living trust can do numerous 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 three to 5 years or upon the incident of a significant life event (i.e. divorce, remarriage, death, relocation, and so on)
If you have questions about the revocable living trust, what it can do for you, and what you require to do for it, consult with a certified estate planning attorney.