5 Biggest Revocable Living Trust Mistakes (And How to Avoid Them) | Lynn St. Louis

You've set up a revocable living trust — but is it actually working the way you think? [Update: Washington's estate tax exemption has changed since this video was recorded. As of July 1, 2026, the exemption is a flat $3 million with a 20% top tax rate. The strategies discussed in this video remain relevant, but please consult with an attorney for current figures specific to your situation.] Attorney Lynn St. Louis, founder of Elder Law Group, walks through the 5 biggest revocable living trust mistakes she sees in Washington State, and exactly how to avoid them. 0:00 – What is a Revocable Living Trust? 12:07 – Mistake #1: Not funding the trust 16:28 – Mistake #2: Assuming all assets can go into the trust 21:12 – Mistake #3: A poorly written trust 25:55 – Mistake #4: Thinking the trust protects you from liability or long-term care costs 31:50 – Mistake #5: Overlooking the other documents you still need ELG Estate Planning helps Washington families and individuals with Estate Planning, Wills, Asset Protection, Durable Power of Attorney (Financial and Health Care), Health Care Directives, Medicaid Asset Preservation Strategies, and Trust Administration & Probate. Request a Meeting: https://share.hsforms.com/1bu5vFDhSRb... grow@elgwa.com 509-584-3951 Information provided is for educational purposes only and should not be interpreted as legal advice nor as creating an attorney-client relationship. #LivingTrust #EstatePlanning #ElderLaw #WashingtonState #ProbateAvoidance