The Eternal Question – Revocable “Living” Trust or Will?

December, 2023 | By Carl E. Eastwick and Elizabeth A. Fitch

Revocable living trusts have been marketed so successfully that many people think they can’t live—or die—without one. The promises of avoiding probate, ensuring privacy, reducing estate taxes, and preparing for incapacity seem too enticing to pass up. Suze Orman, the popular financial guru, goes so far as to say that “everyone” needs a revocable living trust. But what everyone really needs is some good advice.

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