There are those who harbor misconceptions when it comes to estate planning. One of these is the notion that trusts are only useful for wealthy people. It is true that certain types of trusts are used by those who could be described as wealthy. However, revocable living trusts are useful for people of relatively ordinary means. In fact, this type of trust would not be the right choice for wealthy people who are exposed to the estate tax. Value of Revocable Living Trusts The main reason why you … [Read more...] about Are Revocable Living Trusts Only for the Wealthy?