The average cost of a revocable living trust lies between $1,000 and $3,000. The average cost varies vastly because of the different rates of service offered by the lawyers drafting the trust as well as the complexity of... More »

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A living revocable trust involves a transfer of ownership of property into a trust. This is done over the course of a person's lifetime, and is often done to ensure that beneficiaries are not given their inheritance in o... More »

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Revocable living trusts are amended by either attaching an amendment to the original trust or restating the entire trust, reports About.com. In complex situations, the trust makers may need to revoke the original trust a... More »

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Personal assets that can go into a revocable living trust include checking and savings accounts, brokerage accounts not for retirement, stocks and bonds, real estate, small business holdings, patents, copyrights, and rig... More »

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Benefits of a revocable living trust include privacy in estate planning, the possibility of planning for mental disability and other incapacitating circumstances, and the avoidance of probate, states About.com. Revocable... More »

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The disadvantages of a revocable living trust include the expense of setting up the trust, the difficulty in transferring assets into the trust, and the fact that a will is still needed to supplement it, states About.com... More »

A revocable living trust is an estate planning tool that is used to avoid probate and decide how a property is split up after the owner's death. It can be changed later by the person who set it up, as long as he is still... More »

www.reference.com Business & Finance Financial Planning