Revocable Trust
type: Class
preferred label: Living Trust
subclass of: R9KvzcwdZ3asqh9BPZRGWR7
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.