For this reason, a living trust is set up on a "revocable" basis. Revocable means you can modify or change the trust's provisions. Your other option would be to create an irrevocable trust. Once put in place, you are unable to change the terms of the trust regardless of the circumstances.
As you will see, living trusts speed up the process by which your property moves to your designated beneficiaries after you die. Today, and into the foreseeable future, this is vitally important as the United States is experiencing an unprecedented wealth transfer.
Related collections and offers
|Sold by:||Barnes & Noble|
|File size:||145 KB|
About the Author
Sandy Hall is a teen librarian from New Jersey where she was born and raised. She has a BA in Communication and a Master of Library and Information Science from Rutgers University. When she isn't writing, or teen librarian-ing, she enjoys reading, marathoning TV shows, and long scrolls through Tumblr. A LITTLE SOMETHING DIFFERENT is her first novel.