Can there be court supervision of a revocable living trust?
Yes. Usually people prefer the informality of operating the trust without court supervision. But a trustee or beneficiary can ask a court to get involved. The court could review the trustee’s decisions or supervise the trustee in accounting matters, property management, or general fairness issues. Should I have an attorney prepare my trust? Both an experienced attorney and a financial adviser can offer personalized advice. An attorney also can make sure the legal documents are prepared properly and fit your situation. Do-it-yourself kits and formbooks are available, but these tend to take a one-size-fits-all approach, rather than meeting your unique needs. The do-it-yourself materials are cheaper than hiring an attorney. But if the trust isn’t tailored to your needs or if the documents are poorly prepared, major problems and big costs may arise later. Often you’ll come out ahead by paying more to have it done right in the first place. What about “special offers” I see advertised? Proce
