Learn about a joint revocable living trust
September 21st, 2009 | by admin |I just learned about something I’ve never heard about before. I asked my parents if they had ever created a will because I was concerned that they had not planned out their finances in the event of their untimely death. Not only had they adequately prepared, but they had set up a joint revocable living trust. After learning what it was, I knew that their preparation was excellent. This type of trust will help them avoid the court-supervised probate process, and it also has tax benefits, among other things. I am really proud of them for taking this step. If your parents haven’t considered this, then tell them about it and encourage them to.
