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There is lots of written and video material on the internet about advantages and disadvantages of the revocable living trust. Some of the stated disadvantages stated include:

(1) It costs more to establish a revocable living trust;
(2) You have to do more to fund a living trust;
(3) There are no tax advantages of a living trust;
(4) It is more inconvenient to establish a living trustplan as opposed to a willplan;
(5) It can be difficult to refinance a mortgage on property when it is in your living trust.

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This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.

Paul Rabalais
Estate Planning Attorney