What are the disadvantages of using living trusts?
Trusts can be a little expensive to set up. Depending on your situation, it may or may not be worth paying the money to an attorney to create one for you. I say paying an attorney because I believe that it’s worth using an attorney to make sure you get it right. Each state may have slight differences in what you need to say, or cannot say in your trust document. Also, you want to make sure you’ve thought of everything and that you’re going to accomplish what you wanted to. An experience attorney who specializes in estate planning will be worth his or her fee.
