Does Everyone Need a Living Trust?

July 22, 2015 4:17 pm Published by Leave your thoughts

It de­pends…  A liv­ing trust has its place in es­tate plan­ning but not in all instances.  Many clients who contacted me for a revocable liv­ing trust do so in order to avoid pro­bate be­cause they be­lieve pro­bate is cost­ly.   In Wash­ing­ton state, if you have a well drafted and properly executed will, pro­bate is gen­er­al­ly in­ex­pen­sive and sim­ple.  Therefore, a will is a better option as it is generally less expensive and requires very little or no maintenance comparing to a living trust.

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