An estate plan typically includes a revocable trust, a last will and testament, a durable financial power of attorney and an advanced medical directive.

You may wonder if you need a revocable trust. Do you have children who are not yet 18 years old? Do you worry that a beneficiary cannot handle money or would need additional assistance? Do you own real estate in multiple states? Is this a second marriage? Do either of you have children from a previous relationship? If you answered yes to any of these questions, then you need an estate plan that includes a trust.