Revocable Trust
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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
Parent(s)
- • Trust
Is Defined By
N/A
See Also
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Children 0
- • None
Class Hierarchy Visualization
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Additional Information
Metadata
Comment
None
Description
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Notes
- • None
Editorial Information
History Note
None
Editorial Note
None
Identifier
N/A
Deprecated
No
Source and Origin
No source or origin information available