Wednesday, November 7, 2007

Think you need a living trust?

Then take a look at Do You Really Need a Living Trust? (Part 1 of 2) and Do You Really Need a Living Trust? (Part 2 of 2) from The Connecticut Probate Blog. (And thanks to the Pennsylvania Estate Planning Blog for leading me to these posts). The living trust craze died down a few years ago but that just means we now can recognize a living trust as a mere tool and not a miracle.

There some minor differences between Indiana and Connecticut but not enough to invalidate the broader points in the posts. I really like the emphasis on needing assets. Some clients think that a living trust needs no assets!