Estate Law Questions? Ask an Estate Lawyer.
Good morning Erik. My name is ***** ***** I look forward to helping you.
Typically, you would want to work with a lawyer to set up the revocable living trust. The reason for a living trust is to avoid probate and in order to do that, you need to make sure not only to set up the trust, but also to properly transfer your assets to that trust. The problem with an insurance company is two-fold: 1) they have a conflict of interest as they are in the business of selling insurance and typically are more interested in an insurance component than anything else; and 2) unless they are lawyers, if they take part in documenting the transfer of your assets to your living trust, they are practicing law without a license. I would at least, at this point, go to an attorney to make sure you have this set up correctly and that your assets are properly transferred.
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