Understanding 'Revocable Living Trust'

What is a Revocable Living Trust?

A Revocable Living Trust, often referred to as a "Living Trust" or "Revocable Trust," is a versatile estate planning tool that enables you to manage your assets both during your lifetime and after your death. This is the type of trust included in our Trust-Based Estate Plan.

Irrevocable Trusts, on the other hand, are less common and not typically used in standard estate planning. Many individuals who consider an Irrevocable Trust are often looking for the benefits provided by a Revocable Trust. In fact, Revocable Trusts make up about 95% of all trusts created.

What is the 'Revocable Living Trust' document?

The 'Revocable Living Trust' document serves as the cornerstone of your Trust-Based Estate Plan, detailing the management, control, and distribution of your assets both during your lifetime and after your passing.

To make this document legally binding, it must be signed by you, along with your witnesses, and notarized.

How do I create a 'Revocable Living Trust' document?

When you purchase an Estate Plan, we generate a 'Revocable Living Trust' document based on the information you provide in the questionnaire.

How to Access Your 'Revocable Living Trust' Document

You can view, download, or print your 'Revocable Living Trust' directly from the Estate Plan tab:

How to Edit Your 'Revocable Living Trust' Document

While you cannot directly modify the final 'Revocable Living Trust' document in the Estate Plan tab of your account, you can update the specific sections that need changes via the Summary tab. These adjustments will then be incorporated into your 'Revocable Living Trust' document.