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living trust
(redirected from Revocable living trust)

   Also found in: Legal, Financial, Acronyms, Wikipedia 0.01 sec.
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Noun1.living trust - a trust created and operating during the grantor's lifetime
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"


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The Power of Attorney as it Relates to a Revocable Living Trust For those individuals who have a Revocable Living Trust, a few considerations need to be made.
28 million, and the Bailey Family Revocable Living Trust, 20 percent for $320,000.
When a person dies without transferring their assets to a revocable living trust, their assets are transferred to Probate.
 
 
 
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