Revocable Trusts (also known as “living trusts” are highly recommended by many estate planning practitioners. Prior to creating your trust, steps need to be taken to identify, transfer appropriate assets to the trust.
Attached is a pdf for you to use as a guide for determining the establishment of a revocable trust, the funding of it, transferring assets and some of the pitfalls.
Revocable Trusts-A Guide to Your Estate Planning
Contact an estate planning attorney to discuss setting up a trust. Feel free to contact us for our recommendations at 603-382-8867