When married couples begin the estate planning process, one of the first major decisions is whether to create a will-based estate plan or a revocable living trust.

But if you choose a revocable living trust, there’s another important question:
Should spouses create one joint revocable living trust or separate revocable living trusts?

In this video, estate planning attorney Richard Morgan explains why Morgan & DiSalvo often recommends separate revocable living trusts for married couples and why the “simple” option is not always as simple as it seems.

In this video, you’ll learn:

• • Joint trust vs separate trust explained
  • Why are separate revocable living trusts often preferred
  • The hidden complexity behind “simple” trust planning
  • What married couples should consider when structuring an estate plan

Learn more about revocable living trusts.