The Difference Between Living, Revocable, and Revocable Living Trusts
Let’s face it, estate planning terms can be confusing, particularly since different estate planning attorneys use different terms that can mean the same thing. Take "Living Trust" and “Revocable Trust” and "Revocable Living Trust" – all three of these terms can be used to describe the same thing – a trust that is created while you are alive and kicking and which you can alter, change, amend or completely revoke while you are still alive and kicking.
Article Written By: Julie Garber
Original Article Posted on: May 10, 2021
Link to Original Article: https://www.thebalance.com/living-vs-revocable-trust-3505393