Quote:
Originally Posted by barb1191
Agree with the Revocable Living Trust. I've had one for twenty years and have one child who will be the single beneficiary without having to pass through any court action or expense to claim the estate; the estate will automatically become hers as beneficiary, without any legal fees.
If you go this route, all holdings must be in the name of the trust.
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Please clearify the above statement I made bold. We just executed a Revocable Trust this past week in NYS and there is no requirement that we must place all holdings in the trust; we only need to place in the trust what we want to place in it. Could you have been implying "must" as in if you want the holdings to be protected by the trust or could it be possible that the laws of MA are different than in NY? The latter wouldn't surprise me if it were the case!
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