In order to be revocable by the settlor, a revocable trust must obviously be an inter vivos trust (or “living trust”). The Revocable Living Trust (or “RLT”) is a popular estate planning device because of many advantages it has over a will-based plan. The two main...
[UPDATE: For the last three years (since August 2016) I have not generally recommended the lifetime funding of gun trusts in California. Passage of AB 1292 in July 2019 has significantly enabled and clarified use of gun trusts — however, there are limits under the new...
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