A few cogent reasons for setting up revocable trusts.
Millions of Americans die each year without any type of estate plan in place, and this forces their families into the court system, where they experience the high cost and time delay characteristic of probate proceedings. In fact, more than 50 percent of Americans don’t even have a will or any type of estate plan. So does everybody need to be scared into a revocable living trust (RLT)? Certainly not!