What is a Revocable Trust?
A trust involves the administration of assets on behalf of another: an institution or one or more individuals, living or dead. A revocable trust is one in which assets are owned by the trustee, but the settlor reserves a power of revocation. Because the settlor can revoke the trust and therefore maintains control over the property, there are normally no tax advantages involved in this arrangement. If you have an interest in this type of arrangement, call Sagaria Law to learn the risks and benefits involved in this.