Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, July 17, 2014

5 Situations That Call for a Revocable Trust

PlanA revocable trust is not appropriate in all situations, but sometimes they can be a favorable option. Here are 5 situations in which a revocable trust may be appropriate:

  1. When avoiding probate and saving costs is the primary goal
  2. When keeping assets and distribution choices private is a concern
  3. When a complicated family dynamic creates a need to protect children from being disinherited
  4. When future incapacity of a loved one is a concern
  5.  When the care a family member with special needs is a concern

See Tracy Craig, Does Your Client Need a Revocable Trust?, Financial Planning, July 14, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.


Estate Planning - Generally, Non-Probate Assets, Trusts | Permalink

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