A revocable living trust is an agreement between the "Trustor" (the creator of the trust) and the "Trustee" (the manager of the trust) to hold the trust assets for the benefit of the named beneficiary or beneficiaries. In order to form the trust, the Trustor transfers property to the Trustee to hold in the name of the trust. In a revocable living trust, the Trustor(s) and initial Trustee(s) are generally the same person or people. The Revocable Living Trust is aptly named; it is revocable and amendable for the lives of the Trustors. This means that you can change your trust as circumstances in your life change.
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- Estate Planning
- Probate & Estate Administration
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