Resource Description:

Questions answered by the resource:

Defines revocable living trusts and explains how to establish this type of trust. Tips for selecting a trustee are given. Discusses how to avoid probate and the importance of guardianship and durable power of attorney. Briefly describes the fees and costs associated with revocable living trusts. Lists the advantages and disadvantages of having a revocable living trust.

• What is a trust?

• What is a trustee?

• What is a trustor?

• How can I create or establish a trust?

• What are the different types of trusts available?

• What are the differences between revocable living trusts and irrevocable living trusts?

• What are the fees and costs associated with trusts?

• What are the advantages and disadvantages of revocable living trusts?