Colorado  |  Wills and Trusts

Legal Question

Asked on: 9/06/13, 12:24 pm

Hello,

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!

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