Should a Married Couple Use a Shared Living Trust?

By: Shomer Law Group

When you are planning your estate as a married person, you and your spouse have to make some decisions. Do you want to create separate estate plans, or would you prefer to develop a shared arrangement?

Regardless of the choice that you make in this regard, you have to decide on an asset transfer vehicle. There are joint wills, but they are very rarely used because there are some significant drawbacks. The negatives stem from the fact that the terms of the will cannot be changed, and the document cannot be revoked after the death of one spouse. A shared living trust would be a more effective solution.

Learn about living trust options and benefits and continue reading the full article here.

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