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Revocable living trust

template

A trust you can amend or revoke during your lifetime, naming a trustee and beneficiaries for the assets placed in it.

Good fit for

  • +Passing specific assets to beneficiaries outside of probate
  • +Keeping control and flexibility to change terms while you're alive
  • +Planning for incapacity as well as death

Not ideal for

  • Simple estates where a will alone is sufficient
  • Asset protection from creditors (a revocable trust generally doesn't provide this)

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This document was generated from a template and is provided for informational purposes only. It is not legal advice. Consult a licensed attorney in your jurisdiction before relying on it.