Revocable Trusts | Family Trustees

A revocable trust, also known as a living trust, is a legal arrangement where the grantor transfers assets to a trust, managed by a trustee, for the benefit of beneficiaries. This type of trust can be modified or terminated by the grantor during their lifetime. Revocable trusts are commonly used for estate planning, tax planning, and asset protection. The concept of revocable trusts has its roots in ancient Roman law, and the modern concept of revocable trusts emerged in the United States in the late 19th century.