Do I Still Need A Living Trust?
Most of my clients have a Revocable Living Trust as the centerpiece of their estate plan. For many of them, a major reason they created the trust may have been the significant estate tax benefits it provided. But as you may have heard, recent tax law changes have essentially eliminated the danger of an estate tax for more than 99% of us. Thus, for most of my clients the Living Trust no longer provides any estate tax benefits. So it is reasonable for folks to wonder if their Living Trust now serves any beneficial purpose and to ask: “Do I still need a Living Trust?”Read More