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Reply with quote  #1 
Husband and Wife are NOT...

ONE (1) Singular Legal Entity.

Sorry to burst your emotional bubble...but...just because you're married doesn't mean you're now one (1) singular legal entity with your spouse.

If your husband murders someone they don't take you to jail also because you're married to him.

If your wife gets a speeding ticket and doesn't pay the fine they don't suspend the husband's license also.

Your wife's credit card debt in her own name is HER DEBT. It's not yours to pay regardless what the robocall credit collectors may tell you.

Your husband's own checking account in his name only is HIS money, not ours and or yours too.

You see, the Joint Tenants with Full Right of Survivorship, form of ownership that most married couples have will always eventually become sole ownership and sole ownership is what triggers the Probate Court System under a Last Will and Testament...regardless of marital status.

A Revocable Trust avoids the Probate Court System, not a Will.

The primary benefit of a revocable living trust is that it shelters assets passing through the trust from probate proceedings. Thus use of a revocable trust avoids unnecessary court costs, attorney fees, delay and publicity. Another important benefit of a revocable living trust is that it facilitates administration of assets in the event you become incapacitated. In addition, it is the ideal vehicle for holding title to real estate outside your home state.

Now go take on the day.
Fiduciary Financial Consultant
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