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by SoftTalker
397 days ago
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My parents did it on advice of their financial advisor. Is it common, probably not, most people don't have a financial advisor but setting up a revokable trust as part of an estate plan is not something that only the ultra-wealthy can do. It can make a lot of sense if you have any postive net worth to pass along to heirs. A lot of people don't, and if you are going to "die broke" (by intent or by happenstance) there's no point. |
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