Many people harbor misconceptions about trusts. One of them is the idea that they are only useful for very wealthy people that have complex estates.
This is a half-truth, because there are irrevocable trusts that high net worth individuals use to address estate tax exposure. However, irrevocable trusts are also utilized by people that are not extremely wealthy to satisfy relatively common objectives.
Another myth is the notion that you lose control of assets that you can convey into any type of trust. You do surrender incidents of ownership when you establish an irrevocable trust, but there are some good reasons why people want to relinquish direct, ongoing control.
This being stated, the revocable living trust is in a different category, and it is the most commonly used estate planning document aside from the simple will.
In this post, we will look at these trusts with an emphasis on the role of the worksheet access page to get your copy right now.
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If you have learned enough to know that it is time for you to put an estate plan in place, we are here to help. You can set up an appointment at our Westport or Glastonbury estate planning offices if you call us at 860-548-1000, and you can use our contact form if you would prefer to send us a message.
Mr. Nirenstein is licensed to practice before the courts of the State of Connecticut and the United States District Court. He is a member of the Connecticut and Hartford County Bar Associations, and the Estate and Probate, Elder Law, Business Law and Real Estate Sections of the Connecticut Bar Association.
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- How to Use a Living Trust to Stagger an Inheritance - July 23, 2026
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