re: Revocable Living Trust (RLT)

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No, a revocable living trust (RLT) does not automatically convert assets to trust ownership at death; assets must be funded into the trust during the grantor's lifetime or designated to transfer to the trust through a will or beneficiary designation. If not properly funded, the assets may go through probate instead.

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Thanks for commenting. I will research this. My attorney wrote this into my Will documents. Hopefully, she didn't mislead me. Some due diligence needed on my part.

If the main reason you want to set up a trust is to avoid probate, I will say that the better idea is to do a regular will and let your heirs go through a simple succession procedure. This is usually easier, cheaper and less complicated than setting up a trust and transferring your property to it.

For the poster who said that he has a will leaving his remaining property to the trust, this defeats the purpose of avoiding probate because you have to go through probate to accomplish this.

Many trusts are sold to people unnecessarily.

One good reason for having a trust is if a divorced person wants to leave property to minor children and wants to appoint trustees to make sure the ex spouse doesn’t control anything.

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I’ve been told by estate attorneys on more than one occasion that Living Trusts are a scheme for the attys to get more money out of you while you are alive.

No (or extremely few) benefits at all in La

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Plenty of industries do this, but I don't know why anyone is shocked by this.

That is why it infuriates me when people on a message board say "talk to a professional".

There should be absolutely nothing wrong and furthermore it should be suggested to at least be somewhat educated yourself on these types of things. Going in absolutely blind, is stupid.