Joint Revocable Trust

My partner and I want to buy a house and wonder if there is a difference of holding the title thanks to a family revocable trust or a roommate? Specifically:
1) Do we get more protection assets through trust? For example, our creditors will not be able to find the asset if the securities are held via a family revocable trust?
2) regarding the tax assessment, can we exempt 250K or 500K of tax satisfaction when we sell the house?

There is certainly a difference between the two, anyway, though. As for which one is better ... depending on your situation (and possibly your jurisdiction). When buying your home, you'll want to discuss with your lawyer how you want to take the title, and what are the consequences of each would be.

1) The title may show joint ownership with the survival of the owner. A revocable trust does not protect against creditors. 2) depends on the tax laws when you sell the house.