Are A Revocable Trust And A Revocable Living Trust The Same Thing?

You have probably heard about trusts as one of the best ways to accomplish your estate planning goals. It’s important to find a lawyer who can work with you to cover these basics and protect your primary interests when setting up a new trust.

Many of the different marketing materials out there about living trusts means that it can be confusing to determine if this is the right fit for you and your estate planning goals. One of the only ways to be sure this is appropriate for you and the goals you intend to accomplish is to set aside a time to meet with an experienced and knowledgeable estate planning lawyer.

An estate planning lawyer can counsel you further about what to anticipate and how best to protect your interests. The support of an experienced estate planning lawyer also ensures that you understand how a living trust, if used, fits into the overall perspective of your estate planning strategy. For more information about these goals, it is best to work directly with a dedicated attorney. The terms revocable living trust and revocable trust are often used interchangeably. This can make it confusing for someone to figure out whether a revocable living trust is the tool that they need for estate planning purposes.

When a person creates a trust during their lifetime and retains the ability to amend or revoke the trust at any point in time, this is a revocable trust. It may be referenced by other terminologies, such as revocable trust, inter vivos trust, revocable living trust or revocable trust. Make sure that you understand what you can and cannot accomplish with a revocable living trust so that you have a good strategy in place for your estate planning goals.

Contact our Pasadena estate planning office today for further information.





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