Over the last couple of years in our practice, we have encountered many situations where Joint Living Trusts were the best fit for a family's estate plan. In many ways this vehicle creates simplicity and convenience for the family and ease in transitions later in life when financial decisions can become more difficult. So what is a Joint Living Trust and how is it different from the typical Revocable Living Trust? A Revocable Living Trust is a Will substitute which contains instructions for the trustee for what do do with the trust assets during life and upon death. To create a Revocable Living Trust, a person typically transfers the person's assets to himself or herself as trustee. The
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