Revocable Trust

GPTKB entity

Properties (53)
Predicate Object
gptkbp:instanceOf gptkb:Trust
gptkbp:can_be Minor children
gptkbp:canBe Beneficiary of life insurance
gptkbp:canCreate Guardianship proceedings
gptkbp:firstPublished During the grantor's lifetime
In any state
gptkbp:hasCharacter Can be altered or revoked by the grantor
gptkbp:hasFacility Avoid probate
https://www.w3.org/2000/01/rdf-schema#label Revocable Trust
gptkbp:isAccessibleBy gptkb:Irrevocable_Trust
gptkbp:isBeneficialFor Asset management
gptkbp:isConsidered A flexible estate planning tool
gptkbp:isCounteredBy At any time by the grantor
By a written document
In court after grantor's death
Online or with an attorney
gptkbp:isEquippedWith Be registered with the state.
File tax returns during grantor's lifetime
gptkbp:isEvaluatedBy Trust agreement
gptkbp:isFundedBy With retirement accounts
With various types of property
gptkbp:isManagedBy Trustee
gptkbp:isNear Will
Tax shelter
gptkbp:isOftenMadeWith Financial advisors
A living trust
Individuals with complex estates
gptkbp:isOrganizedBy A substitute for a will
gptkbp:isPartOf Comprehensive estate plan
gptkbp:isRegulatedBy Grantor's_death
gptkbp:isSubjectTo State laws
Public probate process
Grantor's_control
gptkbp:isUsedBy Minimize estate taxes
gptkbp:isUsedFor Estate planning
Protect assets from creditors
By the grantor
Distribute assets after death
Provide for pets
gptkbp:isUsedIn Wealthy individuals
Estate planning strategies
gptkbp:isUtilizedFor Grantor
Estate management purposes
gptkbp:mayHave Real estate
Investments
Privacy
Assets
Business interests
Personal property
Continuity of asset management
Successor trustee
Bank_accounts
gptkbp:translatedInto Grantor's_personal_income