Question: what are the advantages and disadvantages of a revocable living trust?
Answer: An increased interest in estate planning has contributed to a rise in popularity of revocable living trusts. ...  It lets your estate avoid probate. ...  It lets you avoid “ancillary” probate in another state. ...  It protects you in the event you become incapacitated. ...  It offers no tax benefits. ...  It lacks asset protection.