Skip to content
Round Logo — Smalller size
Wills, Trusts, & Estates Prof Blog
Formerly Hosted by the Law Professor Blogs Network

5 Situations That Call for a Revocable Trust

By Gerry W. Beyer

PlanA revocable trust is not appropriate in all situations, but sometimes they can be a favorable option. Here are 5 situations in which a revocable trust may be appropriate:

  1. When avoiding probate and saving costs is the primary goal
  2. When keeping assets and distribution choices private is a concern
  3. When a complicated family dynamic creates a need to protect children from being disinherited
  4. When future incapacity of a loved one is a concern
  5.  When the care a family member with special needs is a concern

See Tracy Craig, Does Your Client Need a Revocable Trust?, Financial Planning, July 14, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

Posted in:
Estate Planning - Generally, Non-Probate Assets and Trusts