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Living Trust for Individual Who is Single, Divorced or Widow or Widower with No Children Utah Form

Living Trust for Individual Who is Single, Divorced or Widow or Widower with No Children Utah Form

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what are the downsides to having a revocable living trust I'm attorney Darlin Morgan helping people plan for their money in California revocable living trusts are great tools because they can do so much to accomplish your money goals but sound too good to be true what's the catch the main disadvantage of a revocable living trust is that it does not protect you from creditors or lawsuits the second downside is the cost a trust must be set up properly which usually involves a lawyer and several thousand dollars to do it right lastly there's administrative work on the front end and maintenance on the back end after it's created your assets must be retitled to the trust name and this can't just be done once and never looked at again so regular review is necessary to keep it updated if you like this information give us a share or a follow

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