Once the trust has been created, a person’s assets are placed into it and then distributed as designated by its legal documentation. Sometimes called a revocable trust, a living trust is created ...

A revocable trust (also known as a living trust) is a trust that can be managed and changed by its creator (or grantor). An irrevocable trust is a trust that cannot be modified after it is created ...

The type of trust and trust documents stipulate exactly how and to whom your assets will be distributed, whether in the form of annual ... Also known as a living trust, revocable trusts can ...