Location: Arizona.
I think I have a simple question, but we will see. Considering the below information, is it correct that I DO NOT need a Revokable Living Trust?
1. I have a basic will
2. All my bank accounts, retirement fund, etc have beneficiaries.
3. I own two houses with quit a bit of equity in them. Both have Quitclaim Deeds in the event of my death.
4. I have a Deed of Gift for all personal property and the three vehicles I own.
5. I have a single inheritor of all my property.
I think I have a simple question, but we will see. Considering the below information, is it correct that I DO NOT need a Revokable Living Trust?
1. I have a basic will
2. All my bank accounts, retirement fund, etc have beneficiaries.
3. I own two houses with quit a bit of equity in them. Both have Quitclaim Deeds in the event of my death.
4. I have a Deed of Gift for all personal property and the three vehicles I own.
5. I have a single inheritor of all my property.