living trust

(redirected from Revocable living trust)
Also found in: Thesaurus, Legal, Financial, Acronyms.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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"
Mentioned in ?
References in periodicals archive ?
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.
A SNT that is created under the parent's will or revocable living trust does not come into existence until after the parent's death.
This is a titling of property that does the same thing as a Revocable Living Trust, only on a smaller scale, with no lawyer expense and with only a few exceptions.
A revocable living trust permits you to transfer your ownership of your assets to the trust, while still maintaining control over those assets during your lifetime.
Total Affluent: Households with $100,000 + income and/or net worth of $500,000, excluding principal residence Any Trust Account 36% Revocable Living Trust 21% Testamentary Trust 15% Insurance-Funded Trust 8% Charitable Trust 5% Other Trusts 8% Custody Account 5% Wealth: Households with $1 million+ in investible assets Any Trust Account 59% Revocable Living Trust 37% Testamentary Trust 7% Insurance-Funded Trust 17% Charitable Trust 9% Other Trusts 15% Custody Account 9% Source: Spectrem Group, 1999
For example, by placing all assets in a revocable living trust one spouse can readily defeat the surviving spouse's Florida elective share rights.
Many individuals consider the revocable living trust to be an attractive estate-planning option because of its flexibility.
THE BEST COURSE for avoiding probate and capital gains taxes is the revocable living trust.
You may wish to consider, for example, the creation of a revocable living trust or an irrevocable life insurance trust.
If you want to avoid this process, use joint tenancy or a revocable living trust.