Trust Tax Law What Are The Advantages Of Having A Revocable Living Trust If You Have An Estate Worth 3 Million?

What are the advantages of having a Revocable Living Trust if you have an estate worth 3 million? - trust tax law

My heritage is valued at approximately $ 3 million. What are the consequences do not trust me with a living? I have 2 children, one of those financially irresponsible. What happens if I die without a living trust? What are the laws of the land in the amount of 2007. I live in California. How long does take probate court? Thank you ........................ PJ