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You are here: Home / FAQs / Are there disadvantages to a Revocable Living Trust?

07.17.14 |

Are there disadvantages to a Revocable Living Trust?

One of the disadvantages of the Revocable Living Trust is that any expenses which you incur are done so immediately. The expenses are not deferred until your death, as is the case in probate. In addition by properly funding the trust there may be incurred expenses for retitling of assets depending on your situation. Finally there may also be fees for a Trustee who is allowed a commission for managing the trust. Please note however these fees are generally waived and not taking because normally the trustee is a family member who is going to be an ultimate beneficiary of the trust.

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Law Office of Stephen Ross
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