Revocable trust definition

Revocable trust means an agreement that entitles the trustor to have the full right to use the real property and to revoke the trust and retake complete ownership of the property at any time during their lifetime. The trustee of a revocable trust holds only bare legal title to the real property. Full equitable title to the property remains with the trustor; the original property owner.

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Revocable trust means a trust which provides that the grantor retains the power to amend, modify, or revoke the trust at any time prior to the death of the grantor, regardless of whether, subsequent to the execution of the revocable trust and at any time prior to death, the grantor is legally competent to exercise the power to amend, modify, or revoke the trust and regardless of when the trust is created.

Revocable trust means a trust that can be revoked by the settlor without the consent of the trustee or a person holding an adverse interest.

Examples of Revocable trust in a sentence

Revocable trust accounts may qualify for insurance coverage of up to $250,000 per beneficiary named by the owner that is separate from the individual coverage available to the trust owner.
Similarly, if your executor may need help with some steps that exist with or without a Revocable trust.
If you (the Subscriber) check this box only, also complete question 8(D) and indicate the total number of your equity owners here: ☐ (f) Revocable trust where all of your grantors are Accredited Investors.
If you (the Subscriber) check this box only, also complete question 7(C) and indicate the total number of your equity owners here: ☐ (f) Revocable trust where all of your grantors are Accredited Investors.
Revocable trust: A trust of this kind may be amended, altered or revoked by its settlor at any time, provided the settlor is not mentally incapacitated.

More Definitions of Revocable trust

Revocable trust means a trust that was revocable immediately before the settlor's death by the settlor alone or by the settlor with the consent of any person other than a person holding an adverse interest. A trust's characterization as revocable is not affected by the settlor's lack of capacity to exercise the power of revocation, regardless of whether an agent of the settlor under a power of attorney, or a guardian of the person or estate of the settlor, was serving.

Revocable trust means a trust that can be revoked by the grantor or the beneficiary. For the purposes of the medicaid program, the following trusts are "revocable trusts" even if the terms of the trust state it is irrevocable:

Revocable trust means funds held in trust that are available for the client's use.

Revocable trust means a trust that can be revoked by the settlor without the

Revocable trust means a trust as described in s. 733.707(3).

Revocable trust means a trust whose terms and conditions can be amended.

Revocable trust means funds held in trust which are available for the client's use.