Living Trust

Living Trust

A Living Trust is an inter vivos revocable trust that meets all of the following requirements: The trust is created by one or more Settlors during his or her lifetime, The trust becomes effective during the lifetime of the Settlor(s), and Each Settlor retains the right during his or her lifetime to revoke or amend the trust Living Trusts also may be referred to as "inter vivos trusts" or "inter vivos revocable trusts."