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Revocable living trust

Law ReviewRevocable trust

The 'Lectric Law Library's Lexicon On
* Irrevocable Living Trust *
IRREVOCABLE LIVING TRUST - A trust created during the maker's lifetime that does not allow the maker to change it.

 


Revocable Living Trust: A trust established while the maker (grantor) is still alive and which can be changed or cancelled by the grantor.

REVOCABLE LIVING TRUST: A trust created during the maker's lifetime that can be changed. Allows the creator to pass assets on to chosen beneficiaries without going through probate.

Revocable Living Trusts
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If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.
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In the United States, very few unincorporated joint-stock companies remain, due to their undesirability when compared to the advantages of an LLC. However, one could start a JSC using the Texas Joint-Stock Company / Revocable Living Trust model, ...

See also: Living trust, Law, Information, Term, Below

Law ReviewRevocable trust

 
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