Trusts are incredibly useful tools. But, not ever trust will fit every circumstance. Trusts must be used appropriately.  Here are two common mistakes with trusts and how they can be easily avoided. Mistake #1:  Using the Wrong Type of Trusts The first mistake with the use of trusts is not using the right type of trust. There are many different types of trusts. By far the most common type of trust is a Revocable Living Trust, often just called a "Living Trust" or “RLT.” A Living Trust is a great … [Read more...]