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Revocable Living Trusts – Why would somebody have one? episode artwork

EPISODE · Aug 20, 2024 · 5 MIN

Revocable Living Trusts – Why would somebody have one?

from Musings and Counsel from London Baker Law · host London Baker Law, P.A.

People often think they need a Trust when they don’t. It does depend on how large there estate is; are there minor children; are there special needs children or adults; are there situations where you don’t want someone to receive a large amount of money all at once. And they’re ‘revocable’ in that whoever establishes the Trust can change it any time without permission of a beneficiary.   Last Wills and Testaments, if filed with a court after a death, are available to the public at large. Trusts are not.

What this episode covers

People often think they need a Trust when they don’t. It does depend on how large there estate is; are there minor children; are there special needs children or adults; are there situations where you don’t want someone to receive a large amount of money all at once. And they’re ‘revocable’ in that whoever establishes the Trust can change it any time without permission of a beneficiary.   Last Wills and Testaments, if filed with a court after a death, are available to the public at large. Trusts are not.

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Revocable Living Trusts – Why would somebody have one?

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How long is this episode of Musings and Counsel from London Baker Law?

This episode is 5 minutes long.

When was this Musings and Counsel from London Baker Law episode published?

This episode was published on August 20, 2024.

What is this episode about?

People often think they need a Trust when they don’t. It does depend on how large there estate is; are there minor children; are there special needs children or adults; are there situations where you don’t want someone to receive a large amount of...

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