To Halve or to Hold? Joint vs Separate Trust Planning for Married Couples
Revocable living trusts are the most popular estate planning tool for married couples in my law practice. They can be extremely useful for incapacity planning, probate avoidance, asset protection, and privacy. Depending on the married couple’s goals and circumstances, when it comes to revocable trusts an estate plan can include either a joint revocable trust or separate trusts for each spouse. Both options offer advantages and disadvantages. Below are a few client scenarios that explore whether a joint trust or individual trusts are better.
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