Every so often, a client will come in and announce that he or she needs a revocable trust. Typically the request stems from something the client has read in a book or article, or perhaps advice from a neighbor or friend.
Of course, not everyone needs a revocable trust -- a trust that can be changed or amended by the grantors at any time during their life -- but these instruments can be very powerful estate planning tools. Here are five situations in which a revocable trust might be helpful for clients.
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