Guest Post: What is Revocable Living Trust?

In my previous post, “Just married, no kids–do we need a will?” I advised that you might not need a will under certain circumstances.  One circumstance, in my opinion, necessitates not only a will but a living trust:  having a minor child.  If you have just a will, your minor child would inherit everything at age 18 from his or her deceased parents.  Very few 18 year-old young adults would be capable of managing money from an inheritance, let alone saving it for college and a secure future.

If you have young children please take a moment to read this post, “What is Revocable Living Trust,” from guest blogger and attorney Kevin Spence.

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