Disadvantages

1. Trust Preparation and Funding
   The costs of preparing a Revocable Trust and transferring property may be more than that of preparing a Will. The actual re-titling of assets in the name of the trust can be a time consuming process. Furthermore, trust funding requires some on-going maintenance to ensure that any new property acquired is properly titled in the name of the trust. Upon the death of the Grantor, if assets remain in his or her individual name without a beneficiary designation, then a probate proceeding may be required. Please note, however, a Pour-Over Will in addition to a Revocable Trust, will ensure that any missed assets ultimately become part of the trust.


2. May Not Automatically Adapt to Changed Circumstances
   Changes to your Revocable Trust require active steps to be taken. In the event of a death, divorce, disability, birth of a child, marriage, or other circumstance, inform us immediately to ensure that any necessary amendments to the Revocable Trust are made.