Are living trusts good or bad?
• Neither. At times living trusts are good. At times they are the wrong choice. Living trusts can be an excellent estate planning tool when properly used in the right circumstances. If we think of the living trust as a box into which assets are placed and which comes with its own instructions, there may be certain things which do not fit in the box. If the item does not fit into the box, it could be like trying to pound around peg into a square hole. No one choice in estate planning is right in all circumstances.
