If my husband has a last will and names me as his beneficiary, why do I need a revocable trust?
Full Question:
If my husband has a last will and names me as his beneficiary, why do I need a revocable trust? Why wouldn't everything my husband owned, including stocks, in his name, be automatically in my possession upon his passing away?
05/20/2007 |
Category: Trusts ยป Revocable Tr... |
State: Florida |
#5381
Answer:
A trust may avoid probate procedures, preserve privacy, and make it harder for family members to challenge a will.