I am currently a student (21 years old) and took a personal finance class that talked about everything from mortgages to estate planning, etc. In the class we talked about revocable trusts and wills - the class made revocable trusts sounds a little better because they avoid probate, etc. Here's my question: even though I am young and haven't accumulated a ton of assets, would it be a good idea to create a revocable trust for when I purchase a home, new car, etc.?
I appreciate the help!