Do you still need a will if you have a Irrevocable living trust in which all of your assets are under?

I have a living trust where all my assets are in my living trust name.

Columbus, OH -

Attorney Answers (5)

James Bart Leonardi

James Bart Leonardi

Estate Planning Attorney - Cleveland, OH
Answered

I agree with the other two lawyers. It sounds like you have a revocable living trust. It sounds like you need to have an entire estate plan designed for you to make sure you have the documents that actually will achieve your goals.

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Charles Adam Shultz

Charles Adam Shultz

Estate Planning Attorney - Los Angeles, CA
Answered

I think you meant revocable living trust not irrevocable. That said, you absolutely should have a will as a back up.

Now, your question leads me to believe you did the trust on your own. You would be wise to meet with an estate planning and make sure you have everything covered correctly.

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Joseph Michael Pankowski Jr

Joseph Michael Pankowski Jr

Estate Planning Attorney - Stamford, CT
Answered

Attorney Shultz is correct. A do-it-yourself estate plan, especially when using a trust, may not accomplish your goals. Most importantly, since internet-produced provisions tend to be vague, instead of enjoying their inheritance after your death, your beneficiaries may be lawyering-up. Do yourself a favor and retain an experienced estate planning lawyer to review this matter, update your documents, and make sure your newly revised living trust is, in-fact, fully funded. Good luck to you.

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Joseph Franklin Pippen Jr.

Joseph Franklin Pippen Jr.

Estate Planning Attorney - Largo, FL
Answered

Everyone needs a will with any type trust.
The will covers anything that is not placed in the trust
plus personal effects.

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William Thomas Schemmel

William Thomas Schemmel

Insurance Law Lawyer
Answered

It's always a good idea to have a will which will serve as a conduit to get everything into the trust that did not get properly placed in the trust during life. There are almost always some assets that do not make it into the trust. It is not a good idea to go it alone on these important documents. An attorney can ensure that you have the right documents and plan in place when it is needed. This information is subject to the disclaimer below.

This is general information based upon limited facts, should not be construed as legal advice, and does not create... more

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