In today's video we explore revocable living trusts for married couples. Should you have a joint revocable living trust or separate revocable living trusts? In a joint trust, the spouses share a revocable living trust. Each is a trustee of the entire trust and thus owns all property in the trust. When spouses have separate revocable living trusts, the assets are divided into two trusts, one for each spouse.
Both structures have different advantages and disadvantages. If you have questions about setting up a revocable living trust, be sure to contact Signature Law for a free consultation.