REVOCABLE TRUSTS

A Revocable Living Trust can be used to hold legal title to and provide a mechanism to manage your property. You can select a person or persons – often even yourself – as the Trustee(s) to carry out the instructions in the Trust and name one or more Successor Trustees. Unlike a Will, a Trust usually becomes effective immediately, continues in force during your lifetime even in the event of your incapacity, and continues after your death. Revocable trusts allow the person who creates the Trust to make future changes, modifications and even to terminate it.