What is a revocable trust?

In a revocable trust — also called a revocable living trust — you initially serve all three roles: you create the trust as the settlor, you are in charge of the trust as the trustee, and you benefit from the trust as the beneficiary. You name another person to take over as trustee after your incapacity or death, and that person is in charge of the trust for whomever you choose to be the new beneficiaries. You can change this trust as much as you want while you are alive.

Attorney Jana McCreary

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Houston Estate Planning and Elder Law Attorney Jana R. McCreary has been an attorney for over eighteen years, a career move she made after working for over a decade with adults and children with intellectual disabilities and mental illness. Graduatin… Read More

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