To trust, or not to trust?
Yesterday we had a meeting with a local attorney to get all of our estate planning documents updated to reflect Florida law. During the course of the conversation, the attorney recommended that we create a revocable trust and change the house deed to name that trust as the owner, as well as change some of our bank and brokerage accounts. While it does seems to make sense, and would make things considerably easier/quicker for our son down the road, I have to wonder if there is any down side to doing this.
Any ideas or comments?
Thanks.
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