FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R8IHBlLq2QiAZNYNeNO399M
Label Revocable Trust
Preferred Label Living Trust
Identifier N/A
Alternative Labels

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Definition

A Living Trust, also known as a revocable trust, is a legal entity created during the grantor's lifetime to hold and manage assets. It can be altered, amended, or revoked by the grantor at any time before their death, allowing flexibility in asset management and distribution.

Class Relationships

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See Also

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Parent Class Of 0

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Class Hierarchy Visualization

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Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available