F i liquidating trust
A revocable trust can protect the privacy of your property and beneficiaries when you die as well.Because it's not subject to probate, your trust agreement remains a private document.These are also sometimes called "inter vivos" trusts.A revocable living trust is a type of trust that can be changed at any time.A revocable trust allows you to plan for mental disability.
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Note: Trusts are governed by both state and federal law.
These laws change periodically and you should always consult with a tax professional or an attorney for the most up-to-date advice.
Trusts come in all shapes and sizes, and many are formed with a specific purpose or goal in mind.
A "living" trust is one that the trustmaker or grantor—the individual who creates and funds the trust—sets up while she's alive.