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A major reason for a revocable living trust is to avoid a conservatorship in case of disability.

Which is why I said Unless there is another reason in the 'etc.' It's hard to understand what someone means by the etc. when they say "to avoid probate, etc."

All accounts except IRAs/401Ks should be in a revocable trust.

That's a pretty major leap. It depends on everyone's individual circumstances and goals. It could be, for instance, that because of circumstances, an irrevocable trust is needed. Or it could be that a trust isn't really needed at all, if they live in a state where the probate process can be waived for the amount of assets that they have.

AJ
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