living trust

(redirected from Revocable living trust)
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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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Under the facts of the above example, the recipients of the IRA, revocable living trust, life insurance beneficiary, and the brokerage accounts will all be subject to several liability for any unpaid estate taxes.
Tomorrow creates revocable living trusts and wills for individuals and prompts them to begin discussions with the people who would best serve as executors, trustees or guardians for their children.
Marie E Matsen Revocable Living Trust, to Beard Steven E & Renee T; 84691 Laughlin Rd, Eugene; $490,000.
Consider appointing a trustee to manage the child's inheritance as the beneficiary of your revocable living trust until the child comes of legal age.
A revocable living trust avoids the delay of probate proceedings and permits beneficiaries to receive property more quickly.
Solution: Rather than add your child to your home to avoid a probate, put the home into a revocable living trust. This will avoid probate and avoid the risks.
REVOCABLE LIVING TRUST (RLT) is a will 34 substitute offering many advantages during lifetime and at death.
* Creating a revocable living trust (a means of providing management of your assets during your lifetime)
Or will it come into existence only after the parent passes away (i.e., the SNT is created under the parent's will or revocable living trust).
A revocable living trust allows you to name your heirs in the same way that a will does.
Crow Revocable Living Trust. The purchase price for the transaction was not disclosed.