Living Trust Resources
There are pros and cons to having a will-based estate plan but for the average American family a will-based plan is suitable and appropriate
Most people create a trust in order to adequately protect their estates so it lives on after the asset owner dies. In some instances, a trust might be a good idea, but in other instances, a Last Will and Testament might be sufficient.
The question then becomes, how often should one change or update living documents such as Wills or revocable Trusts or other documents related to estate planning?