I,m a 55 year old home co-owner.With wife)Do I need a will or a living trust?
You both need a living trust to avoid probate when both of you are gone.
If you wish to avoid probate on second death, a revocable trust is necessary. You also should have durable powers of attorney for asset management and advance health care directives to take effect on incapacity. Please contact my office for more details.