What are the disadvantages of a revocable living trust?
Despite the advantages of a revocable living trust, this planning mechanism might not be best for everyone. Younger couples who are in accumulation mode may opt to have a will rather than a living trust due to the hassle factor of ensuring everything is titled in the name of the trust.
Additionally, it costs more initially to have a trust drafted rather than a will. If a trust is the right planning tool for you, however, your beneficiaries will appreciate that you spent the money to have a proper trust prepared, because the savings are typically far more by avoiding probate.