The Revocable Living Trust has been growing in popularity as an estate planning tool for several years. The trend toward making a Living Trust an important element of an estate plan is understandable. A Living Trust offers benefits to both the individual who has established the Trust, called the Settlor or Grantor, and to his or her beneficiaries.<\/p>\n
A Living Trust is a legal document that is intended to act as a partial substitute for, as well as a supplement to, a Will. The Settlor may transfer major assets like his or her, home, savings and investment accounts, to the Trust. The trust document contains instructions for distributing these assets upon the Settlor\u2019s death. This type of Trust is referred to as \u201crevocable\u201d because the Settlor can amend or revoked at any time during his or her lifetime. It is a flexible document that can be updated given a change in circumstances (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Revocable Living Trust has been growing in popularity as an estate planning tool for several years. The trend toward making a Living Trust an important element of an estate plan is understandable. A Living Trust offers benefits to both…<\/span><\/p>\n