Description: A revocable trust is helpful since it provides flexibility and income to the living grantor (also called the trustor). Provisions of the trust can be changed, and the estate will be transferred to ...
DA: 51 PA: 97 MOZ Rank: 56
Description: A revocable living trust––sometimes simply called a living trust––is a legal entity created to hold ownership of an individual's assets. The person who forms the trust is called the grantor or the trustmaker, and they also serve as the trustee of this type of trust in most cases, controlling and managing the assets they've placed there.
DA: 59 PA: 97 MOZ Rank: 62
Description: A Revocable Living Trust Defined. At the most basic level, a revocable living trust, also known simply as a revocable trust, is a written document that determines how your assets will be handled after you die. Assets can include real estate, valuable possessions, bank accounts and investments.
DA: 55 PA: 89 MOZ Rank: 4
Description: A joint revocable trust is a single living trust created by a married couple together. The couple’s assets are transferred into ownership of the trust and managed by a Trustee. A joint revocable trust specifies that, while both spouses are living, the assets, income, and principal of the trust are payable to one or both of spouses as they choose.
DA: 88 PA: 62 MOZ Rank: 57
Description: Living Trust: A property right, held by one party for the benefit of another, that becomes effective during the lifetime of the creator and is, therefore, in existence upon his or her death. A living trust, also known as an inter vivos trust , is different from a testamentary trust , which is created by will and does not take effect until the ...
DA: 61 PA: 56 MOZ Rank: 72
Description: Revocable Living Trust Law and Legal Definition A Trust is an entity which owns assets for the benefit of a third person (beneficiary). A Living Trust is an effective way to provide lifetime and after-death property management and estate planning.
DA: 80 PA: 99 MOZ Rank: 68
Description: Revocable trusts are an effective way to avoid probate and provide for asset management in the event of incapacity. In addition, revocable trusts--sometimes called “living” trusts--are incredibly flexible and can achieve many other goals, including tax, long-term care, and asset-protection planning.
DA: 41 PA: 10 MOZ Rank: 77
Description: Definition of a Living Trust . A trust is an arrangement in which one or more people manage or take care of property for someone else's benefit. A living trust is a trust that is created during your lifetime. In other words, while you are still alive, you transfer title to your property from your name to that of the trustee of the living trust.
DA: 75 PA: 56 MOZ Rank: 5