A Revocable Living Trust is an arrangement in which the grantor places property in trust, naming him or herself or some other person as Trustee, or Co-Trustee, reserving the right to change the trust at any time (revocable).
Generally, the trust agreement provides for the assets of the trust to pass to the named beneficiaries upon the death of the grantor. The advantages of the Revocable Living Trust include: |
