Revocable living trusts have some advantages and disadvantages when compared in a will. The biggest advantage is something we have already touched upon: the ability to control ways in which your property or money can be used after your death. The second important advantage of a revocable living trust is the ability to AVOID probate. One final advantage occurs during your lifetime, if you become sick or disabled and can no longer handle your own finances, a revocable living trust will name a specific individual to handle your financial affairs for you.
  Revocable living trusts come with own disadvantages; trusts tend to be more expensive to administer than simple wills, and court will often ensure that trustees receive compensation for the work they do for your trust. Also more complicated to set-up, and require more work during your lifetime than a simple will.