5 Revocable Living Trust Disadvantages

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There is lots of written and video material on the internet about advantages and disadvantages of the revocable living trust. Some of the stated disadvantages stated include:

(1) It costs more to establish a revocable living trust;
(2) You have to do more to fund a living trust;
(3) There are no tax advantages of a living trust;
(4) It is more inconvenient to establish a living trust-plan as opposed to a will-plan;
(5) It can be difficult to refinance a mortgage on property when it is in your living trust.

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Paul Rabalais
Estate Planning Attorney