Living Trust, or a Will?
What is the downside of having a Living Trust rather than having
all assets covered by a will? Has anybody had experience with
inheritance through a Living Trust?
-There are some income tax disadvantages to a revocable trust. For
details, see http://www.netaxs.com/~evansdb/revtrust.html
I also believe that the administrative costs during lifetime may
completely wipe out any savings in administrative costs