The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LIVING TRUST Definition & Legal Meaning

Definition & Citations:

Revocable trust as an estate planning device, built on property transfer or gift to one or more beneficiaries from its living trustor. It is not a way to stave off creditors from the trust assets. Achieving a speedy transfer of assets and avoiding probate are the major goals of this approach.


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