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: 74 PA: 100 MOZ Rank: 5
Description: A revocable trust is one that can be changed, amended, or even revoked (terminated) by the Trustor at any time before his death. This may include such changes as adding or removing assets, adding or removing beneficiaries, and changing Trustee. To explore this concept, consider the following revocable trust definition.
DA: 93 PA: 47 MOZ Rank: 69
Description: Revocable trust. A revocable trust is a living trust that can be modified or revoked by the grantor, or person who establishes the trust and transfers property to it. The trust can be a useful estate-planning tool because, when you die, the assets in the trust pass directly to the beneficiaries you've named in the trust rather than through your ...
DA: 80 PA: 16 MOZ Rank: 34
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: 31 PA: 59 MOZ Rank: 11
Description: revocable trust: A trust that may be altered or terminated during the grantor's lifetime. Since the trust may be altered at any time until the grantor's death, it is considered part of the grantor's estate and is subject to taxation. The property is passed on to the beneficiaries only after the grantor's death, and the revocable trust then ...
DA: 57 PA: 13 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: 29 PA: 38 MOZ Rank: 71
Description: A trust is a legal arrangement through which one person holds legal title to property for another person. As the creator of a revocable trust, you are called the “grantor” or the “donor.” While you are alive, you are a beneficiary of the trust and can also serve as either the sole trustee or as one of a number of co-trustees.
DA: 93 PA: 57 MOZ Rank: 83
Description: Revocable Trust vs. Irrevocable Trust: An Overview . A revocable trust and living trust are separate terms that describe the same thing: a trust in which the terms can be changed at any time. An ...
DA: 75 PA: 50 MOZ Rank: 60