The Benefits of Revocable Trusts in Estate Planning



I am pleased to share some exciting news — earlier this month, my colleague, Danielle Friedman, and I (Herb Fineburg) published an article titled “The Benefits of Revocable Trusts in Estate Planning” in the Spring 2023 issue of the Pennsylvania CPA Journal for The Pennsylvania Institute of Certified Public Accountants (PICPA).

As revocable trusts become increasingly common in estate planning in place of “testamentary trusts” set forth in a client’s will, we encourage you to take a look at our article.

One reason for the increasing usage of revocable trusts is that there is no ascertainable benefit to using a testamentary trust over a freestanding revocable trust. Moreover, a revocable trust can offer numerous benefits.

For those firms that include estate planning in their portfolio of financial services, this article may help bolster an understanding of revocable trusts in estate planning.

Additionally, your clients may want to review their current estate planning documents and discuss their options with you and their other advisers.

If you have any questions about revocable trusts or other estate planning strategies or tools, please feel free to get in touch with Danielle Friedman or me — we will be happy to assist you.

Kindest regards,

Herb Fineburg

Updated: Mar 28, 2023

About the author
Herb Fineburg of Offit Kurman, P.A. is a member of XPX Philadelphia

If you are a business owner, a CEO, or an individual of high-net worth, I can assist you in your legal needs as a tax attorney, a business attorney and an estate planner.