Some people who hear about revocable living trusts mistakenly believe that if they use this tool they don’t need to create a last will and testament. While it is true that revocable living trusts will allow you to distribute your estate outside of probate and without a last will and testament, that doesn’t mean you can forget about creating a will. In fact, revocable living trusts call for a … [Read more...] about Wills and Trusts in Florida: A Good Revocable Living Trust Needs a Pour-Over Will
Did you know that, if you have a Revocable Living Trust, you also need a will? How does this make sense, when a trust is designed to help you avoid probate, and a will is designed to be probated? The answer lies in the fact that, in order to avoid probate, your Revocable Living Trust has to be fully funded when you pass away. This means that all property owned by you in your individual name … [Read more...] about Do You Need a Pour Over Will?