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Definition | Advantages | Funding | Administration
Definition A Living Revocable Trust is partly self-descriptive; it is a flexible Trust created while you are alive. In such a Trust, titles to real estate, securities and other assets are placed in the Trust while the owner is alive. The Trust document outlines instructions for managing the assets and distributing them after the individual's death. The people who create the Trust can act as their own Trustees, so there are no management fees or loss of control. They can change the Trust at any time. |
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