http://www.estateplanningforyou.com Mitchell R. Miller -- a tax, trusts and estate lawyer for 30 years -- talks about the need for reviewing your living trust every 4 or 5 years. State and federal laws change and your circumstances may have changed. Make sure your living trust reflects these changes.
http://www.estateplanningforyou.com Mitchell R. Miller -- a tax, trusts and estate lawyer for 30 years -- talks about making sure that a person's estate does not go through probate. Probate costs money, takes time, and can cause major aggravation. If you only have a will and do not have a living trust, your estate will go through probate. A will is not enough to avoid probate. You need a living trust.