Revocable trusts can help families create proper estate planning for future generations. However, revocable trusts are not for everyone. The negative factors must be weighed against the benefits. One of the negative factors of a trust is the price up front. It is typically three times as expensive as a will package. Another negative factor to a revocable trust is the “homework” for the client to transfer assets into the trust, including bank accounts, titles, and some beneficiary designations. However, there are many positive aspects of having a trust. The transition of assets to beneficiaries after the death of grantors is easier. Probate is usually avoided and law suits are minimized. Furthermore, trusts are more private by nature and can provide better protection for children receiving in the estate. Also, the trust travels better from state to state than the will does. For a comparison on whether a trust or will package is right for you, please contact the Pruitt Law Offices S.C. at 262-633-8301, through our website at pruittlawoffices.com, or visit us at 731 Main Street in Racine. We are your partners for professional service.