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: 64 PA: 56 MOZ Rank: 17
Description: A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die. Most living trusts are “revocable” because you can change them as your circumstances or wishes change. Revocable living trusts are “living” because you make them during your lifetime.
DA: 97 PA: 16 MOZ Rank: 53
Description: A revocable living trust is a legal document that gives you the authority to make decisions about someone else’s money or property being held in a trust. Someone you know may set up a revocable living trust and give you the power to make financial decisions about money in the trust in the event that she becomes unable to make financial ...
DA: 93 PA: 57 MOZ Rank: 51
Description: A revocable living trust is a trust document created by an individual that can be changed over time. Revocable living trusts are used to avoid probate and to protect the privacy of the trust owner ...
DA: 62 PA: 18 MOZ Rank: 100
Description: Revocable trusts, commonly called “living trusts,” are an effective estate-planning tool for avoiding the costs and hassles of probate, preserving privacy and preparing your estate for ease of ...
DA: 33 PA: 46 MOZ Rank: 71
Description: Revocable vs. irrevocable . There are many types of trusts; a major distinction between them is whether they are revocable or irrevocable. Revocable trust: Also known as a living trust, a revocable trust can help assets pass outside of probate, yet allows you to retain control of the assets during your (the grantor's) lifetime. It is flexible and can be dissolved at any time, should your ...
DA: 89 PA: 92 MOZ Rank: 100
Description: The revocable trust is by far the most common type of living trust. So much so that people refer to it simply as “a living trust,” or “a living revocable trust.” Just as the name hints, a revocable trust can be changed or revoked (canceled) by the grantor at any time.
DA: 86 PA: 18 MOZ Rank: 46
Description: Transfers of real estate into a revocable living trust require recording a new deed in the name of the trust in the locality where the real estate is located. A mortgage or other loan against the property shouldn't cause a problem because mortgages "follow" the property.
DA: 16 PA: 45 MOZ Rank: 21
Description: A revocable living trust is a written agreement designating someone to be responsible for managing your property, It's called a living trust because it's established while you're alive. It's "revocable" because, as long as you're mentally competent, you can change or dissolve the trust at any time at your own discretion for any reason.
DA: 75 PA: 80 MOZ Rank: 88